Friday, May 11, 2018

Weekly: 7 up days in a row

Seven up days in the row are a bit too much heat. SPY up about 2% for the week. My account up about half that. I close out several sold calls for big losses. For this Goldilocks, the soup is a bit too hot. Profit is a profit, but more profit tends to be more better.

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 Market opens higher, then gives up most of the gains. I take a loss on some sold AAPL calls.

Cover AAPL May 185 c 361 for big loss
Cover BA May 360 c for profit

Sell QQQ Jun8 153 p 61
Sell SPY Jun8 250 p 70

Sell FB May 167.5 p 40
Sell QQQ May 158 p 30

Sell AAPL Jul 165 p 100
Sell SPY Jun29 243 p 103

Sell BA May 320 p 140
Sell HES 52.5 p 37 new long

Sell IWM Jun 145 p 47

Tue Cover BA May 355 c 82 for break even profit
Sell TSLA MayW4 245 p 88

Wed Stock market rallies runs too hot. I take a loss on one leg of sold Boeing calls, and take profits on some sold QQQ calls.

Sell AAPL Jun 170 p 63
Sell FB Jun 165 p 73
Sell FB May 172.5 p 32

Sell LMT Jun 290 p 110
Sell QQQ Jun8 156 p 52

Sell SPY Jun8 255 p 64
Sell to close SPY Jun 250 p 68 for big loss

Cover BA May 345 c 505 for big loss
Cover QQQ May 172 c 26 for profit

Thu Market rally rolls on for sixth day in a row. The temperature continues to be too hot for me. I take big losses on sold calls on AAPL, FB, SPY. Three legs closed for huge losses. The bright side is that I eek out a gain for the day, despite being burned by the too hot market.

Sell SPY Jun1 259 p 51
Sell NFLX Jun1 297.5 155

Sell BABA Jun 170 p 44 new long
Sell SPY May25 262 p 39

Sell QQQ Jun 157 p 63
Sell AAPL Jun 175 p 93

Sell COST Jun 170 p 42 new long
Sell IWM JunW1 152.5 p 30

Sell SPY Jul 248 p 119
Sell QQQ Jul 150 p 86

Roll AAPL for huge debit: Cover AAPL Jun 190 c for big loss
Sell AAPL Jun 205 c 63

Cover FB May 185 c 237 for big loss
Cover SPY May 272 c 190 for big loss

Fri Sell NVDA May 230 p 23 earnings
Sell SPY Jun22 254 p 81

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