Weekly: Nightmare on Tesla street

DIA has its best week of the year, up 2.8%, other averages up big too. TSLA has a huge rally after its shareholder meeting. I get burned badly, closing some sold calls near the top of the move. Thankfully the positions are small. The pain is real, especially with a reversal after I cover. Despite the TSLA crap storm and a 5500% loss on one leg, I eek out a tiny gain 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):

Mon Rally rolls on. Nasdaq at a new high.

Cover QQQ Jun 173 c 205 for big loss
Sell SPY Jun22 261 p 44

Sell SPY Jul 257 p 100
Sell AAPL Jul 175 p 60

Sell IWM Jul6 152.5 p 38
Sell QQQ Jul6 161 p 47

Sell NFLX Jun29 325 p 136
Sell WYNN Jul 210 c 75

Sell NVDA strangle 201: Sell NVDA Jul 235 p
Sell NVDA 315 c

Sell TSLA Jun 260 p 65
Sell SPY Jun 265 p 37

Roll AMZN for 529 credit: Cover AMZN Jul 1350 p 170
Sell AMZN Aug 1350 p 699

Tue Sell FB Jul6 177.5 p 54
Sell GRUB Jul 90 p 47

Sell SPY Jul6 260 p 68
Sell TSLA Jun8 322.5 c 15

Sell QQQ Aug 150 p 59
Sell WYNN Jun 190 c 42

Wed Tesla up after shareholders meeting.
Sell TSLA Jun22 275 p 197

Sell TLSA Jun 280 p 100
Sell BA Jul 325 p 160

Sell SPY Jul13 260 p 71
Sell SPY Aug 254 p 130

Roll BABA for 73 credit: Cover BABA Jul 165 p 19 for profit
Sell BABA Jul 185 p 92

Rally picks up speed, I scramble to add more long delta.

Sell TSLA Jun 290 p 122
Sell BA Jun29 340 p 96

Sell SPY Jun22 266 p 42
Sell SPY Jul 260 p 87

Sell QQQ Jul 161 p 61
Sell TSLA Jun29 280 p 227

Thu Tesla rallies again. It becomes a nightmare day for me, as I cover sold calls for huge losses near the top, then TSLA reverses. Yikes. Thank goodness for small position sizing.

Cover TSLA Jun8 322.5 c 845 might be biggest percentage loss ever 5500% range. Call buyers could have made 55x their money, trading opposite me. By the end of the day, TSLA lower.

Cover TSLA Jun 330 c 935 near the exact top about a 2000% loss. Ouch. Double ouch that it was the top of the day so far.
Sell TSLA Jun 295 p 112

Sell TSLA Jun 390 c 34
Sell TSLA Jun22 375 c 84

Sell TSLA Jun29 395 c 52
Sell BABA Jul 240 c 36

Sell FB Jul 215 c 31
Sell SPY Jul 265 p 110

Fri Sell SPY Jul 262 p 92
Sell COST Jul 185 p 41