Sunday, November 11, 2018

Weekly: Most wonderful time of the year

The song by that title is about Christmas. October to January tends to be among the most bullish three month time periods for the stock market. This week, we had a strong rally, and then some give back. Is the bull back? Hard to say, but the bears certainly were scrambling for cover. I rolled up and down, got head faked, took a few losses, but mostly it was an extremely positive week for me.
A heads up, updates are going to be late, perhaps abbreviated for a few weeks, as I have other demands on my time. I will keep posting, so I am not gone.
Here are the trades (p=puts, c=calls, number near the end is price per contract).

Mon Tesla gives me a head fake. Because I am short so many options, a modest move in the stock caused a big change in my delta. I close a bunch of legs at a profit. Would have been better off doing nothing, but taking profits, rebalancing back towards neutral isn’t a terrible thing. Overall a nice up day for me. All of these closed for a profit:

Cover TSLA Nov30 400 c 225
Cover TSLA Nov 370 c 305

Cover TSLA Nov9 295 p 138
Cover TSLA Nov9 295 p 138
Cover TSLA Nov 300 p 470

Cover TSLA Nov30 275 p 450
Cover TSLA Nov 270 p 163

Elsewhere Berkshire Hathaway reported good earnings, moves higher.
Sell BRKB Dec 195 p 102
Sell BRKB Nov 200 p 40
Sell TSLA Dec 400 c 415

Sell AMZN Nov 1850 c 163
Sell AMZN Nov9 1800 c 115 daytrade exit 90 for profit

Tue Cover AMZN Nov 2400 c 03 profit

Cover AMZN Nov23 2000 c 89 profit
Cover TSLA Nov 390 c 117 profit

Roll TSLA for credit:Cover TSLA Nov30 295 p 450 profit
Sell TSLA Nov30 320 p 895

Wed Election results are near what has been projected, market powers up all day long. I am not as long as I would like. I make about 2% for the day, which is pretty good considering how much reserve I have, and how many calls I sold. I roll up.

Cover TSLA Nov 400 c 50 profit
Cover AMZN Nov 1850 c 695 big loss
Cover BRKB Dec 195 p 63 profit

Buy BRKB shares 219.80 to offset sold calls

Roll AMZN for credit: Cover AMZN Nov23 1450 p 174 profit
Sell AMZN Nov23 1550 p 483

Roll TSLA for credit: Cover TSLA Nov9 350 c 583 for loss
Sell TSLA Nov9 350 c 1693

Sell SBUX Jan 57.5 p 26

Sell SPY Nov 267 p 34
Sell NFLX Nov30 265 p 153

Roll TSLA for credit: Cover TSLA Nov23 280 p 126 profit
Sell TSLA Nov23 305 p 291

Roll TSLA for credit: Cover TSLA Nov 290 p 101 profit
Sell TSLA Nov 315 p 258

Roll COST credit: Cover COST Dec 195 p 39 for profit
Sell COST Dec 210 p 96

Roll AMZN credit: Cover AMZN Dec 1350 p 491 profit
Sell AMZN Dec 1500 p 1614

Sell QQQ Nov 160 p 49
Sell BRKB Nov 210 p 51

Sell AMZN Nov30 1450 p 525
Sell SPY Nov30 258 p 58

Thu A bit of give back after the big rally day. I flail around without doing much good. I lose about 0.2% for the day. I take the TSLA head fake again and it costs me. I sell some Jan puts on SPY and QQQ.

Cover TSLA Nov30 320 p 750 profit
Cover TSLA Nov 315 p 214 profit
Cover TSLA Nov 360 c 925 big loss

Sell QQQ Jan 145 p 76
Sell SPY Jan 245 p 110
Sell MSFT Dec 95 p 35

Sell BRKB Dec 210 p 140
Sell SPG Dec 160 p 53

Roll AMZN for credit: Cover AMZN Nov30 1450 p 247
Sell AMZN Nov30 1550 p 631

Roll AMZN for credit: Cover AMZN 1450 p 68 profit
Sell AMZN Nov 1600 p 336

Sell TSLA Nov 330 p 320
Sell TSLA Nov9 335 p 65 cover 47 daytrade profit

Fri More give back. I lose about .66% today. Still up nicely for the week.
Cover BRKB Nov 210 p 29 profit
Cover AAPL Nov 245 c 01 profit

Sell AMZN Nov30 1970 c 280
Sell TSLA Nov30 3125.5 p 550

Sell BRKB Dec 230 c 155
Sell AMZN Nov 1900 c 141
Sat Assigned on TSLA 340 call, I count as a loss





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