Weekly: Tug-o-war

Intraday swings are frequent during the short week. The bulls win the tug-o-war with a hard pull on Friday. I close one leg of sold calls on QQQ for a loss. Like the major indexes, my account is up a small amount for the week.

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):

Tue Sell DIS Mar 115 c 16
Sell WMT strangles Sell WMT Mar 85 p 18
Sell WMT Mar 105 c 22

Wed Markets turn lower after the release of Fed minutes. Unfortunately, I add some long delta before the turn. Walmart continues lower. I add layers and pivot to net short.

Sell QQQ MarW2 155 p 50
Sell QQQ MarW1 158 p 36

Sell WMT Apr 75 p 20
Sell WMT Apr 105 c 40
Sell WMT Mar 100 c 24

Sell IWM Apr 135 p 65
Sell SPY MarW2 257 p 65

Sell NFLX Mar 240 p 67
Sell TLSA MarW1 300 p 51

Thu Tug-o-war continues as market opens strong, then fades. ROKU down on earnings.
Sell ROKU strangles: Sell ROKU Mar 30 p 17
Sell ROKU Mar 58 c 15

Sell WMT Mar 86 p 19
Sell NVDA Mar 290 c 23

Sell QQQ MarW4 149 p 51
Sell JPM Mar 104 p 21

Fri Bulls win the week with a big pull. I add long delta, close out one sold call leg for a big loss. New legs tend to be way out of the money, as I am wary of another leg down.

Cover QQQ MarW1 167.5 c 163 for a 330% loss
Sell SPG Apr 130 p 58

Sell QQQ Apr 182 c 19
Sell QQQ MarW4 145 p 33

Sell CAT strangles: Sell CAT Mar 143 p 32
Sell CAT Mar 177.5 c 13

Sell JPM Apr 95 p 27

Sell NVDA strangles: Sell NVDA MarW4 207.5 p 70
Sell NVDA MarW4 300 c 19

Sell SPY MarW4 245 p 55
Sell AAPL MarW4 155 p 25

Sell RTN Apr 185 p 51
Sell TGT Apr 60 p 32

Sell BA MarW4 300 p 65
Sell IBB Apr 89 p 26