I
continue to tread lightly. I get whacked in ULTA as it drops below my
mental stop level. I am down for the week, but with my cautious
stance, the damage is limited.
Here
are the trades (c = calls, p = puts, all are third week expiration
unless noted, sell means sell-to-open, cover means buy-to-close,
number is price per contract):
Tue
11/1/16 Sell TSLA Nov 220 c 54 rebalance into the decline
Sell
AAPL Nov 100 p 20 down five days in a row already, probably won't
continue in a straight line down.
Wed
Sell BABA Nov 110 c 24
Electronic
Arts fades after a higher opening so I short it.
Sell
EA Nov 85 c 18
Sell
EA Nov 71 p 21
Then
EA catches a bid and I hedge the short.
Thu
Sell WYNN Nov 100 c 21
Sell
FB 129 c 23
Sell
WDC Nov 61.5 c 18
Fri
Cover ULTA Nov 230 p 600 for a 800% loss. Crunch.
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