Weekly: Markets gone wild

The market rally rolls on. There are a few signs of froth. These include a record turn out at the live stock market meetup. The meetup was standing room only. A few of the young guns wanted to give advice, perhaps feeling like experts after a short time of making big profits. Another red flag is near record percentages of bulls in most market sentiment surveys such as MarketVane and AAII.

Okay, a few possible times to watch. Mercury goes retrograde on March 22. Bulls moves often last 18 to 24 months. Using election day as the start, 18 months projects to May, 24 months to November. Mid-term elections often provide two weeks of market turbulence. These are dates to watch. In isolation they mean near nothing.

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 SPY Feb 264 p 38
Sell QQQ Feb 154 p 34

Sell IWM Feb 145 p 23

Sell BRKB Mar 190 p 51
Sell SPY Feb 265 p 32

Close out some bought options. These were hedges against a modest decline.
Sell-to-close SPY Apr 235 p 49 for loss
Sell-to-close QQQ Mar 150 p 53 for loss

Tue Sell NFLX Feb 215 p 54
Sell WYNN Feb 170 p 32

Wed Sell-to-close SPY Apr 255 p 106 for loss

Sell SPY Mar 263 p 77
Sell JPM Feb 108 p 28

Sell RCL Feb 120 p 45
Sell NFLX Feb 220 p 54

Sell SPG Mar 140 p 46
Sell TIF Feb 100 p 27

Thu Sell AAL strangles: Sell AAL Feb 60 c 15
Sell AAL Feb 49 p 35

Sell CAT strangles: Sell CAT Feb 182.5 c 56

Sell CAT Feb 145 p 19
Sell CAT Feb 150 p 28

Sell MMM Feb 235 p 64
Sell NOC Feb 300 p 65

Sell SBUX Feb 52.5 p 15
Sell VAR Feb 110 p 25

Fri Sell BA Mar 275 p 105
Sell IWM Mar 143 p 48

Sell RCL Feb 122 p 36
Sell SPY Feb 272 p 39

Sell TSLA strangle: Sell TSLA Feb 275 p 107
Sell TSLA Feb 405 c 95

Sell QQQ Mar 153 p 52

Sell WYNN Feb 220 c 14
Wynn hits an air pocket gapping $20 lower on news.