Weekly: Jaws Deux: AMZN NVDA

Just when I thought the water might be safe again, the menacing shark music plays again. I take huge hits this week in AMZN, a big loss in AAPL. I step back into NVDA, thankfully after the big gap down on earnings. I lose about 5% for the week, most of that on Monday. I am back to near break even for the year. Sounds horrible, but if that is the result after one of my worst weeks of the year, it isn’t all bad news.

Mon Veterans Day
Pain. I lose 4.8% today. Just when I thought it might be safe in the water, the shark music starts up, the dreaded dorsal fin drives the terrified crowd towards shore. With blood in the water, it is chaos. Okay, maybe a bit dramatic, but it was a painful down day for me.
Cover AAPL Nov 195 p 350 for loss

The rest are profits
Cover TSLA Dec 250 p 405
Cover TSLA Dec7 305 p 765
Cover SPY Dec 240 p 69
Cover QQQ Nov 160 p 46
Cover TSLA Nov23 305 p 213

Cover GOOGL Nov 1375 c 05

Sell AMZN Nov 1800 c 192

Sell TSLA Nov 345 c 375
Sell AMZN Dec7 1870 c 795

Sell MSFT Dec 120 c 30
Sell AMZN Nov30 1920 c 280

Sell AAPL Nov23 172.5 p 31
Sell NFLX Nov30 365 c 39

Sell AMZN Nov 1825 c 170
Sell BRKB Dec 220 c 425

Sell AAPL Nov23 215 c 24
Sell AMZN Nov23 1850 c 398

Tue A morning relief rally fades to flat by the close. I recover about 1/3 of Monday’s big loss, about +1.6%. In isolation making that much in one day is fantastic. In context, of a huge loss the day before, not so much.
I close a few positions for profit to free up buying power and to rebalance deltas

Cover QQQ Nov 184 c 01
Cover AAPL Nov 230 c 01
Cover AMZN Nov 1800 c 90

Cover TSLA Nov23 375 c 147
Cover TSLA Nov30 385 c 199

Roll TSLA for credit: Cover TSLA Nov30 350 c 1069
Sell TSLA Dec 365 c 1236

Sell AMZN Nov 1750 c 230
Sell TSLA Nov 365 c 65

Wed Another morning rally fades. Amazon gets hit, and I breach a mental stop level, closing one leg for another huge loss. Yet another head fake in Tesla has me chasing my tail. I lose 2.3% today. A really bad day.

Cover AMZN Nov 1600 p 2465 huge loss
Cover TSLA Nov 330 p 256 profit

Roll AMZN for credit: Cover AMZN Nov30 1920 c 200 for profit
Sell AMZN Nov30 1840 c 465

Roll TSLA for credit: Cover TSLA Nov 345 c 639 for loss
Sell TSLA Nov30 360 c 786

Thu Another painful day, even though the monetary losses were small. I get stopped out of a couple of legs on Amazon on the morning dip, and book the losses. Some might question taking the losses. However, I had too many deltas at the worst levels. Rule #1 is live to trade another day. Many accounts have been washed away by the modest market moves. There may only be a small chance of the decline accelerating even more, but if that causes a margin call, eventually it will come true. The account can be damaged beyond repair on one outlier move.

Cover AMZN Nov30 1550 p 5900 whopper loss
Cover AMZN Dec7 1870 c 535 for profit
Cover AMZN Nov23 1750 c 289 profit
Cover AMZN Nov30 1840 c 277 profit

Roll AMZN for huge debit: Cover AMZN Nov23 1550 p 4485 whopper loss
Sell AMZN Nov23 1400 p 695

Sell TSLA Nov23 312.5 p 134
Sell AMZN Nov30 1400 p 470

I started the day trying to offset delta by selling calls, but the decline hit my stop levels
Sell AMZN Nov30 1800 c 465
Sell AMZN Nov23 1750 c 315

Fri Nvidia continues its waterfall decline. I sell vol on NVDA. I rebalance and roll on Tesla. Mostly, the week ends with a whimper, as I make a little bit of money today. Down hard for the week.

Sell TSLA Dec7 285 p 213
Sell TSLA Nov23 295 p 32

Sell TSLA Nov30 295 p 164
Sell BA Nov30 375 c 27

Sell NVDA Nov30 210 c 15
Sell NVDA Nov30 125 p 25
Sell NVDA Dec 230 c 35

Roll TSLA for credit: Cover TSLA Nov 350 c 482 for loss
Sell TSLA Dec 370 c 1464