Saturday, December 16, 2017

Weekly: Holidays markets are early

The relative calm of holiday markets arrive early. As the zombie bull market continues to slowly lurch forward. Hardly anything seems to cause as much as a bobble in the march forward. It continues to be a remarkably unnaturally calm market.

Here are the trades (p=puts, c=calls, number near end is price per contract, sell means sell-to-open, cover means buy-to-close)

Mon Sell ULTA Jan 195 p 95
Sell SHAK Jan 52.5 c 25
Sell SHAK Jan 42.5 p 55
Cover SPY DecW4 241 p 04 for profit

Tue Sell BA Jan 250 p 53
Sell TSLA Jan 250 p 56
Sell WYNN Jan 140 p 44

Cover three trades for profit:
Cover TSLA Dec 225 p 01
Cover SPY Dec 240 p 01
Cover IWM Dec 135 p

Thu Sell YY Jan 80 p 35
Sell TIF Jan 87.5 p 49
Sell TIF Jan 110 c 35
Cover DE Dec 155 c 01 for profit

Fri Sell PYPL Jan 65 p 22
Sell YY Jan 80 p 40
Cover DE Dec 155 c 01 for profit

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