The song by that title is about
Christmas. October to January tends to be among the most bullish
three month time periods for the stock market. This week, we had a
strong rally, and then some give back. Is the bull back? Hard to say,
but the bears certainly were scrambling for cover. I rolled up and
down, got head faked, took a few losses, but mostly it was an
extremely positive week for me.
A heads up, updates are going to
be late, perhaps abbreviated for a few weeks, as I have other demands
on my time. I will keep posting, so I am not gone.
Here are the trades (p=puts, c=calls, number near the end is price per contract).
Here are the trades (p=puts, c=calls, number near the end is price per contract).
Mon Tesla gives me a head fake. Because
I am short so many options, a modest move in the stock caused a big
change in my delta. I close a bunch of legs at a profit. Would have
been better off doing nothing, but taking profits, rebalancing back
towards neutral isn’t a terrible thing. Overall a nice up day for
me. All of these closed for a profit:
Cover TSLA Nov30 400 c
225
Cover TSLA Nov 370 c 305
Cover TSLA Nov 370 c 305
Cover TSLA Nov9 295 p
138
Cover TSLA Nov9 295 p 138
Cover TSLA Nov 300 p 470
Cover TSLA Nov9 295 p 138
Cover TSLA Nov 300 p 470
Cover TSLA Nov30 275 p 450
Cover TSLA Nov 270 p 163
Cover TSLA Nov 270 p 163
Elsewhere Berkshire Hathaway reported good earnings, moves
higher.
Sell BRKB Dec 195 p 102
Sell BRKB Dec 195 p 102
Sell BRKB Nov 200 p 40
Sell
TSLA Dec 400 c 415
Sell AMZN Nov 1850 c 163
Sell AMZN Nov9 1800 c 115 daytrade exit 90 for profit
Sell AMZN Nov9 1800 c 115 daytrade exit 90 for profit
Tue Cover AMZN Nov 2400 c 03 profit
Cover AMZN Nov23 2000 c 89 profit
Cover TSLA Nov 390 c 117 profit
Cover TSLA Nov 390 c 117 profit
Roll TSLA for credit:Cover TSLA Nov30
295 p 450 profit
Sell TSLA Nov30 320 p 895
Wed Election results are near what has been projected, market powers up all day long. I am not as long as I would like. I make about 2% for the day, which is pretty good considering how much reserve I have, and how many calls I sold. I roll up.
Cover TSLA Nov 400 c 50
profit
Cover AMZN Nov 1850 c 695 big loss
Cover BRKB Dec 195 p 63 profit
Cover AMZN Nov 1850 c 695 big loss
Cover BRKB Dec 195 p 63 profit
Buy BRKB shares 219.80 to offset sold calls
Roll
AMZN for credit: Cover AMZN Nov23 1450 p 174 profit
Sell AMZN Nov23 1550 p 483
Sell AMZN Nov23 1550 p 483
Roll TSLA for credit: Cover TSLA Nov9 350 c 583
for loss
Sell TSLA Nov9 350 c 1693
Sell TSLA Nov9 350 c 1693
Sell SBUX Jan 57.5 p
26
Sell SPY Nov 267 p 34
Sell NFLX Nov30 265 p 153
Sell NFLX Nov30 265 p 153
Roll
TSLA for credit: Cover TSLA Nov23 280 p 126 profit
Sell TSLA Nov23 305 p 291
Sell TSLA Nov23 305 p 291
Roll TSLA for credit: Cover TSLA Nov 290 p 101
profit
Sell TSLA Nov 315 p 258
Sell TSLA Nov 315 p 258
Roll COST credit: Cover COST
Dec 195 p 39 for profit
Sell COST Dec 210 p 96
Sell COST Dec 210 p 96
Roll AMZN
credit: Cover AMZN Dec 1350 p 491 profit
Sell AMZN Dec 1500 p 1614
Sell AMZN Dec 1500 p 1614
Sell QQQ Nov 160 p 49
Sell BRKB Nov 210 p 51
Sell BRKB Nov 210 p 51
Sell
AMZN Nov30 1450 p 525
Sell SPY Nov30 258 p 58
Sell SPY Nov30 258 p 58
Thu A bit of give back after the big rally day. I flail around without doing much good. I lose about 0.2% for the day. I take the TSLA head fake again and it costs me. I sell some Jan puts on SPY and QQQ.
Cover TSLA Nov30 320 p 750 profit
Cover TSLA Nov 315 p 214 profit
Cover TSLA Nov 360 c 925 big loss
Cover TSLA Nov 315 p 214 profit
Cover TSLA Nov 360 c 925 big loss
Sell QQQ Jan 145 p
76
Sell SPY Jan 245 p 110
Sell MSFT Dec 95 p 35
Sell SPY Jan 245 p 110
Sell MSFT Dec 95 p 35
Sell
BRKB Dec 210 p 140
Sell SPG Dec 160 p 53
Sell SPG Dec 160 p 53
Roll AMZN for
credit: Cover AMZN Nov30 1450 p 247
Sell AMZN Nov30 1550 p 631
Sell AMZN Nov30 1550 p 631
Roll AMZN for credit: Cover AMZN 1450 p 68 profit
Sell AMZN Nov 1600 p 336
Sell AMZN Nov 1600 p 336
Sell TSLA Nov 330 p 320
Sell TSLA Nov9 335 p 65 cover 47 daytrade profit
Fri More give back. I lose about .66% today. Still up nicely for the week.
Cover BRKB Nov 210 p 29 profit
Cover AAPL Nov 245 c 01 profit
Sell
AMZN Nov30 1970 c 280
Sell TSLA Nov30 3125.5 p 550
Sell TSLA Nov30 3125.5 p 550
Sell
BRKB Dec 230 c 155
Sell AMZN Nov 1900 c 141
Sell AMZN Nov 1900 c 141
Sat
Assigned on TSLA 340 call, I count as a loss
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