Friday, April 27, 2018

Weekly: AMZN BA save the day

Good earnings from Amazon and Boeing highlight a positive week for me. Market is fairly flat this week. I am up over 1%. Market looks to be stuck in a trading range, which might be good news for option premium sellers.

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 A wild day, with the market opening higher, then plummeting, then recovering just a bit. I was down about 1.2%, QQQ led the way down -2.1%, SPY -1.3%. I reduce risk by taking some profits.

Cover QQQ AprW4 153 p 31
Cover SPY MayW1 247.5 p 30


Cover SPY MayW2 245 p 52
Cover QQQ MayW1 147 p 35


I initiate two short positions:
Sell CAT May 162.5 c 38
Sell LMT May 370 c 60

Wed Boeing earnings are good. I do a bunch of BA trades, ending the day slightly long.
Sell UNH May 250 c 31


Sell BA May 375 c 59
Sell BA Jun 390 c 99


Sell SPY May 275 c 32
Sell QQQ Jun 173 c 33


Sell WYNN May 210 c 35
Sell CAT May 120 p 30


Sell BA May 295 p 157
Sell LMT May 290 p 55
Sell BA Jun 290 p 219


BA backratio 465 debit: Buy BA Jun 350 c 1065
Sell 2x BA Jun 375 c 303 each

Thu Facebook up on earnings.
Sell FB May 150 p 26
Sell FB Jun 205 c 21


Sell TXN May 90 p 27
Sell FB May 155 p 42


Sell QQQ Jun 138 p 57
Sell SPY May29th 245 p 64


Sell BA May 305 p 125
Sell VLO May 95 p 19 new long


Sell ULTA May 220 p 90
Sell SPG Jun 125 p 50


Sell NFLX strangles: Sell NFLX May 260 p 69
Sell NFLX May 380 c 29

Fri Amazon has great earnings, opens way higher than fades. Intel does similar, gapping higher on earnings, then fading. I post modest gains.

Sell AMZN May 1850 c 54
Sell AMZN May 1350 p 200


Sell INTC May 60 c 14
Sell INTC May 49 p 19

Sell MCD May 140 p 22 ahead of earnings
Cover BA Jun 290 p 195 for profit

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