Weekly: The Big Buy Button

For the week, I eek out a small gain despite feeling out of synch most of the week. On Thursday, it is as if someone hit a massive buy button. The DJIA moves up about 800 points in less than two days. Highlights of the week include taking a loss on some some ULTA calls, discomfort in AAPL as it rallies, a quick hit profit shorting GILD, a big loss on a long call leg in BA.

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 rally at the open fades. I get whipsawed on ULTA, covering for a loss only to see it reverse lower.

Sell BA May 360 c 83
Sell MCD May 150 p 18

Sell QQQ Jun 145 p 76
Sell SPY MayW2 275 p 40

Sell UNH Jun 210 p 74
Cover ULTA May 255 c 640 for big loss

Tue Sell in May? I lighten up a bit by selling calls.
Sell BA Jun 375 c 78
Sell BA May 355 c 86

Sell FB May 185 c 36
Sell LMT May 345 c 15

Sell QQQ May 170 c 15
Sell SPY May 272 c 36

Wed Apple earnings good. Gilead not good. I short GILD add AAPL longs

GILD vertical for 110 debit: Buy GILD Jun 65 p 152
Sell GILD Jun 60 p 42

Sell AAPL May 160 p 27
Sell AAPL Jun 155 p 58

Sell FB Jun 155 p 77
Sell DVN Jun 32 p 20 new long

Sell COST Jun 170 p 70
Sell AAPL May 165 p 39

Sell VLO Jun 97.5 p 43

Sell TSLA strangles: Sell TSLA May 195 p 50 50
Sell TSLA May 380 c 21

Sell-to-close BA Jun 350 c 298 for big loss

Cover SPY May 252 p 65 for profit
Cover SPY MayW2 252 p 32 for profit

Thu Whipsaw action as the market moves sharply lower then rebounds a bit.
Sell AAPL JunW1 160 p 48

Sell AAPL Jun 190 c 52

Sell BA Jun 290 p 233
Sell BA May 345 c 90 this leg doubles by the end of the day

Sell SPY MayW4 274 c 22
Sell TSLA May 340 c 20

Close GILD vertical 162 for profit Jun 65/60 put vertical
I take the money and run, 40% one day profit on this long premium trade

Cover BA Jun 375 c 74 for profit

Fri Apple up on news of Warren Buffett adding more shares. It gets uncomfortable.
Sell AAPL May 167.5 p 40
Sell AAPL Jun 165 p 94

Sell NFLX strangles 163: Sell NFLX Jun 370 c
Sell NFLX Jun 250 p

Sell QQQ Jun 148 p 68
Sell SPY MayW4 251 p 57

Sell BA MayW4 297.5 p 107

Add more legs as NFLX rallies: Sell NFLX May 275 p 33

Sell NFLX Jun1 280 p 121

Sell SPY Jun1 251 p 63

Sell QQQ Jun1 153 p 52

Sell TSLA May 240 p 93
Cover AAPL May 190 c 73 for break even loss