Seven up days in the row are a bit too much
heat. SPY up about 2% for the week. My account up about half that. I
close out several sold calls for big losses. For this Goldilocks, the
soup is a bit too hot. Profit is a profit, but more profit tends to
be more better.
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 higher, then
gives up most of the gains. I take a loss on some sold AAPL
calls.
Cover AAPL May 185 c 361 for big loss
Cover BA May 360 c for profit
Cover BA May 360 c for profit
Sell QQQ Jun8 153 p 61
Sell SPY Jun8 250 p 70
Sell SPY Jun8 250 p 70
Sell FB May 167.5 p 40
Sell QQQ May 158 p 30
Sell QQQ May 158 p 30
Sell
AAPL Jul 165 p 100
Sell SPY Jun29 243 p 103
Sell SPY Jun29 243 p 103
Sell BA May 320
p 140
Sell HES 52.5 p 37 new long
Sell HES 52.5 p 37 new long
Sell IWM Jun 145 p 47
Tue
Cover BA May 355 c 82 for break even profit
Sell TSLA MayW4 245 p 88
Sell TSLA MayW4 245 p 88
Wed Stock market rallies runs too hot. I take a
loss on one leg of sold Boeing calls, and take profits on some sold
QQQ calls.
Sell AAPL Jun 170 p 63
Sell FB Jun 165 p 73
Sell FB May 172.5 p 32
Sell FB Jun 165 p 73
Sell FB May 172.5 p 32
Sell LMT Jun 290 p 110
Sell QQQ Jun8 156 p 52
Sell QQQ Jun8 156 p 52
Sell SPY Jun8 255 p 64
Sell to close SPY Jun 250 p 68 for big loss
Sell to close SPY Jun 250 p 68 for big loss
Cover BA May 345 c 505 for big
loss
Cover QQQ May 172 c 26 for profit
Cover QQQ May 172 c 26 for profit
Thu Market rally rolls on for sixth day in a row. The temperature continues to be too hot for me. I take big losses on sold calls on AAPL, FB, SPY. Three legs closed for huge losses. The bright side is that I eek out a gain for the day, despite being burned by the too hot market.
Sell
SPY Jun1 259 p 51
Sell NFLX Jun1 297.5 155
Sell NFLX Jun1 297.5 155
Sell BABA Jun
170 p 44 new long
Sell SPY May25 262 p 39
Sell SPY May25 262 p 39
Sell QQQ Jun 157
p 63
Sell AAPL Jun 175 p 93
Sell AAPL Jun 175 p 93
Sell COST Jun 170 p 42 new
long
Sell IWM JunW1 152.5 p 30
Sell IWM JunW1 152.5 p 30
Sell SPY Jul 248 p 119
Sell QQQ Jul 150 p 86
Sell QQQ Jul 150 p 86
Roll AAPL for huge debit: Cover AAPL Jun 190 c for big loss
Sell AAPL Jun 205 c 63
Cover FB May 185 c 237
for big loss
Cover SPY May 272 c 190 for big loss
Cover SPY May 272 c 190 for big loss
Fri
Sell NVDA May 230 p 23 earnings
Sell SPY Jun22 254 p 81
Sell SPY Jun22 254 p 81
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