Weekly: Bully Bully and Vacation time

I’ll be traveling for two weeks, so updates may be delayed or not as detailed. Trading may be less, but I will still be checking the markets.

This week, markets rally with a brief pullback on tariff news. Mostly I keep adjusting by adding long delta. I take a loss on one leg on Facebook. I take profits on some other underlyings.

Mon Stocks rally on no news. That means the bias is higher
Sell TSLA Sep 200 p 415
Sell FB Sep 170 p 137

Sell IWM Aug 155 p 51
Sell QQQ Aug3 162 p 49

Sell SPY Aug3 263 p 55
Sell FB Aug 175 p 94

Sell IWM Aug10 159 p 52
Sell SPY Aug10 264 p 73
Tue Cover SPY Jul27 285 c 23 profit
Sell BA Sep 275 p 117

Sell QQQ Jul 170 p 29
Sell SPY Aug3 267 p 57

Sell PEP Aug 105 p 38 earnings
Sell NVDA Aug3 230 p 108

Wed Sell MA Aug 185 p 81
Sell FB Aug 250 c 19

Sell QQQ Aug 163 p 65
Sell SPY Aug24 260 p 84

Sell QQQ Aug24 163 p 76
Sell SPY Aug31 259 p 90

I take profits on some Netflix legs ahead of earnings.
Cover NFLX Jul 480 c 210 profit
Cover NFLX Jul 340 p 106 profit

Take a loss on this Facebook leg as it crosses the strike price
Cover FB Jul 205 c 300 loss

Take profits on some other options to adjust delta
Cover QQQ Jul 182 c 16 profit
Cover TSLA Jul 290 p 167 profit
Fri Take more profits on calls as the rally rolls on. All profits:
Cover AMZN Jul 1900 c 108
Cover BA Jul 365 c 44
Cover BA Aug 385 c 151

Sell SPY Sep 255 p 118

Again, I’ll be traveling for two weeks, so updates may be delayed or not as detailed.