Friday, August 17, 2018

Weekly: Losers CMG FB TSLA

I take big losses in Chipotle, Facebook and Tesla. It is a painful week. Every day seems to bring another hit. I am down about 1.1% 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 Sell TSLA Sep 435 c 87
Sell SYY Nov 60 p 21 new long

Wed A really bad day for me, down almost 2%. Chipotle rallies and the rest of the market sells off. I close one CMG leg for a 20x loss. I reduce risk by closing a few trades for profit
Cover CMG Sep 520 c 2180 about a 2000% loss


These are all closed for profit
Cover GOOGL 1300 c 05
Cover FB Sep 155 p 54


Cover QQQ Sep 160 p 54
Cover SPY Sep7 261 p 53
Cover BA Aug 320 p 56

Sell CMG Sep 610 c 210
Sell NFLX Sep 405 c 31
Sell GOOGL Sep 1390 c 105

Thu New long in Walmart on earnings news. Chipotle falls on food news. Facebook declines triggering my mental stop loss on one leg. I end the day with a gain +0.5%.

Roll CMG: Cover CMG Sep 610 c 160 for profit
Sell CMG Sep 620 c 100 cover after news same day 45 for profit


Sell WMT Sep 90 p 20
Sell COST Sep 200 p 40


Sell JPM Sep 105 p 23
Sell PYPL Sep 75 p 23


Chipotle lower after food news
Cover CMG Sep 435 p 215 for profit
Sell CMG Sep 600 c 90


Facebook lower, triggering my mental stop level
Cover FB Aug 175 p 151 for big loss


Roll: Cover FB Sep 220 c 05 profit
Sell FB Sep 205 c 17

Fri I get nervous in the morning, and close out a bunch of trades for profit. Telsa tumbles on news.


Cover TSLA Aug 295 p 118 for profit
Cover TSLA Sep 200 p 315 for profit
Cover GOOGL 1185 p 30 profit


Cover NFLX Aug 310 p 57 breakeven
Cover FB Sep 145 p 33 profit

Sell TSLA Aug31 425 c 24

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