Weekly: Burritos and Bezos

The week was meh for me as I lose a tiny bit. News includes poor earnings for Chipotle and booming results for Amazon. Jeff Bezos from Amazon made approximately $8 billion on Friday, which is about the current market cap for CMG. I pivoted from near delta neutral short strangles to net short on CMG. I didn’t lose much there. I didn’t play AMZN.

I took on water in biotech etf IBB. I initiate some new longs and have mixed results. I close out my bottom fishing expedition in GE with a humbling loss.

Friday was as close to a melt up as I’ve seen. Like I said I was down for the week, and that feels twice as bad when the major averages are booming ahead. I got assigned on some AAPL calls. An oversight, I plan to close early on Monday.

Here are the trades (p = puts, c = calls, sell means sell-to-open, cover means buy-to-close, number near the end is price in dollars per contract).

Tue I initiate new longs in Stanley Tools, 3M Corp, and Caterpillar after earnings.

Sell SWK Dec 155 p 100
Sell MMM Dec 220 p 108

Sell CAT Dec 155 c 28
Sell NVDA Nov 230 c 128

Sell SPG Dec 145 p 77

Wed Sell TSLA strangles:

Sell TSLA Nov 250 p 62
Sell TSLA Nov 405 c 57

Sell ADBE Nov 190 c 15
Sell NVDA OctW4 202.5 c 20

Cover BABA Oct 190 c 02 for gain
Cover BABA OctW4 172.5 p 235 for loss

Sell SWK Dec 175 c 40
Sell NOC Dec 275 p 105

I pivot to net short on Chipotle after poor earnings
Sell CMG Dec 350 c 80
Sell CMG Nov 325 c 50

Sell CAT Dec 120 p 40
Sell BA Nov 285 c 21

Thu Sell NSC Dec 115 p 45
Sell WMT Dec 77.5 p 17

Cover CMG Dec 435 c 05 for gain
Sell IBB Dec 350 c 70

Fri Tech stocks leap higher, led by Amazon and Google on earnings
Sell QQQ Dec 142 p 77
Sell AAPL Dec 145 36

Cover GE Nov 21 p 81 for loss
Sell AAPL Nov 148 p 71

Sell MSFT Dec 77.5 p 27
Sell NFLX Nov 175 p 46

Sat Assignment! AAPL OctW4 162.5 calls assigned, I got busy and didn’t see this one. I plan to close it out early Monday.