Friday, November 10, 2017

Weekly: NVDA chugs ahead

I do better this week. Not quite as scatterbrained, but I have a lot on my mind besides the stock market. Highlights of the week are reducing risk in BRKB and a good earnings report in NVDA.

Here are the trades (p = puts, c = calls, sell means sell-to-open, cover means buy-to-close, percentages are based on the premium collected, number near the end are price per contract).

Mon Sell MCD Dec 185 c 12
Sell QCOM Dec 50 p 16
Cover MCD Nov 170 c 172 for a 500% loss

Tue Cover M Nov 18 p 120 for 350% loss
Sell RCL strangle: Sell RCL Dec 115 p 69
Sell RCL Dec 145 c 24

Cover MCD Nov 145 p 04 for 85% profit

Wed Cover BRKB Nov 180 p 34 for 85% profitCover BRKB Nov 185 p 164 for 33% profit

New longs:
Sell WYNN Nov 143 p 34
Sell MAR Nov 115 p 35

Thu Stock market sells off, then recovers. I make some minor moves
Cover BRKB Dec 185 c 283 for 50% profit
Cover BRKB Dec 185 p 415 for breakeven profit

Sell BRKB Dec 195 c 38
Sell NFLX Nov 207.5 c 24

Fri Nvidia earnings good. I add layers.
Sell NVDA Dec 260 c 40
Sell NVDA Dec 180 p 66

Sell TSLA Dec 375 c 58
Sell TSLA Dec 225 p 59

Sell RCL Dec 135 c 45

Cover SPG Nov 135 p 05 for 90% profit
Cover AAPL Nov 148 p 02 for 98% profit

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