Saturday, October 06, 2018

Weekly: Two hard down days AMZN FB TSLA drop

I lose about 1.8% for the week. Tesla did most of the damage. Facebook, Amazon also were red factors. Higher yields on Treasury bonds are widely cited as a factor. It is also October during a mid-term electdion year, and markets are often turbulent in that time frame.

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 Tesla and Tilray leap higher. I adjust by selling more puts
Sell TLRY Nov 50 p 70

Sell TSLA Nov 225 p 550
Sell TSLA Oct 240 p 184


Sell SPY Nov 268 p 69
Sell QQQ Nov 168 p 64

Tue I reduce delta in Facebook as it continues to fall.
Sell FB Oct26 180 c 30
Sell FB Oct 177.5 c 25

Sell PYPL Nov 70 p 19
Sell MSFT Nov 97.5 p 28

Wed Sell AAPL Nov 195 p 59
Sell TSLA Nov 420 c 75
Sell TLRY Nov 500 c 40

Thu Down dog kind of day. I take on some water. Mostly, I sell calls. I do dip my toe on the long side by selling puts on BABA and NVDA.

Cover TSLA Nov 420 c 52 for profit.
Sell BABA Nov 125 p 58


Sell SPG Nov 190 c 20
Sell NVDA Nov 230 p 56


Sell AMZN Oct 2225 c 99
Sell TSLA Nov 400 c 87


Sell TSLA Oct 350 c 71
Sell SPY Oct26 298c 20


Sell FB Nov 200 c 38
Sell AMZN Nov 2400 c 480

Fri Another mostly down day, with Tesla being hit hard. I sell a bunch of out of the money calls.

Sell COST Nov 250 c 20
Sell MSFT Nov 130 c 12


Sell BA Oct 420 c 29
Sell NVDA Oct 300 c 35


Sell BABA Oct 172.5 c 15
Sell AAPL Nov 260 c 49


Sell IWM Nov 175 c 16
Sell AMZN Oct26 2250 c 320


Sell GOOGL Oct 1250 c 125
Sell FB Oct 172.5 c 28


Sell QQQ Nov 193 c 34
Sell QQQ Oct26 190 c 23

Sell TSLA Nov 375 c 157
Sell TSLA Oct 325 c 85

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