Weekly: Goldilocks plus 5

A good week for the bulls. SPY up 3.5% for the week. My account up about 4.1%. I am still down a tiny bit for the year, so I have more work to do. Overall, the week was a huge disappointment for stock market bears. The resignation of a top Trump advisor had the bears licking their chops, but the decline was shallow and short. A booming melt up rally on Friday, fried many bears. I took a loss on one leg of sold calls, and many others are deep in the red. I kept adding long delta, by selling way out of the money puts.

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 Market opens lower, then rallies.
Sell BA Apr 400 c 100
Sell NFLR Mar 260 p 59

Sell COST Mar 172.5 p 52 ahead of earnings
Sell QQQ Apr 149 p 77

Sell SPY Apr 247 p 128
Sell BA Apr 300 p 196

Sell TSLA MarW4 275 p 71
Sell SPY Mar 257 p 43

Tue Sell NFLX Mar 280 p 93
Sell COST MarW1 177.5 p 41 add

Sell NFLX AprW1 275 p 244
Sell QQQ May 145 p 103

Sell SPY May 238 p 144
Sell IWM May 135 p 90

Wed Trump economic advisor resigns. U.S. markets gap down at the open. SPY closes unchanged for the day, a huge disappointment for the bears.

Sell ADSK Mar 120 p 31 Autodesk higher on earnings.

Thu Costco slightly lower after earnings. WYNN up after an analyst meeting.

Sell COST Mar 195 c 15
Sell IBB Apr 100 p 50

Sell WMT Apr 97.5 c 27
Sell WYNN Apr 140 p 64

Sell WYNN Mar 160 p 22
Sell MCD Apr 175 c 16

Fri A jobs report, detente with North Korea, spark a massive stock market rally. I cover one sold call leg for a loss, and add long delta through out the day.

Cover QQQ Mar 172 c 145 for loss
Sell NVDA Apr 200 p 124

Sell AAPL Apr 155 p 43
Sell NFLX Mar 300 p 100

Sell BRKB Apr 195 p 101
Sell IWM Apr 145 p 62

Sell QQQ May 250 p 144
Sell IBB Apr 103 p 51

Sell BRKB Jun 185 p 143
Sell NFLX MarW4 295 p 104

Sell COST Apr 170 p 67
Sell SPY Apr 257 p 93

Sell WYNN Apr 160 p 143
Sell SPY Apr 252 p 96

Sell SPY May 250 p 144
Sell QQQ Apr 155 p 77