Weekly: Relief rally

It felt like another difficult trading week for me. I got washed out of a couple of positions (BA, USO, SPY) near the lows. Overall a positive week as I cut my losses for the year. Am now about -3.3% was at about -5% last Friday, and down about 7% at the intra-day lows this week. We'll see what next week brings. It felt like at least a minor selling climax.

Here are the trades: (c = calls, p = puts, sell means sell-to-open, cover means buy-to-close, all are third week expiration options)

Tue Morning rally is followed by a sharp sell off. I rebalance by selling out of the money calls.

Sell SPY Feb 200 c 38 rebalance

Sell TSO Feb 108 c 45

Sell GPRO Feb 15 c 23

Sell DIS Feb 105 c 23

Sell BA Feb 140 c 30

Sell FB Feb 111 c 45

Sell SPY Mar 202 c 68

Sell UA Feb 80 c 35

Sell AAPL Feb 113 c 28

Sell IWM Feb 83 p 29

Sell SPY Mar 160 p 122

Wed Cover BA Feb 125 p 545 about a 900% loss. Ouch. The strike price of the sold option is the stop.

Sell SPY Backratio:

Buy SPY May 170 p 559 gross 173 credit

Sell 2x SPY May 160 p 366

Sell SPY Feb 198 c 38

Sell NFLX Feb 135 c 51

Sell COST Feb 160 c 28

Cover USO Feb 8 p 63 about a 200% loss (missing)

Sell IWM Mar 80 p 54

Sell WFC Mar 38 p 29

Cover SPY Apr 182 p 857 about a 250% loss

Sell SPY Apr 187 p 905 about a 9% gain

(Yes, I mangled this one)

Thu Sell NFLX Feb 80 p 65 (another poor entry)

Sell BA Feb 95 p 28

Sell SPY Feb 160 p 51

Fri Sell SPY Feb 170 p 67 add to longs

Sell AAPL Feb 83 p 33 rebalance

Sell UA Feb 57.5 p 60

Sell COST Feb 140 p 70

Sell GPRO Feb 8.5 p 39

Sell NFLX Feb 130 c 49

Sell SPY Feb 180 p 140