Happy Hump Day! I placed most of these trades when I woke up this morning. I sold into strength the following option contracts in Apple, Amazon, Google, Chipotle, Southwest Airlines, Marriott International, and my existing short positions in SPY. With SPY dropping 1% in the morning, I took profit and when it bounced to positive in the afternoon, I re-entered my short positions in SPY with a longer duration. I took profit and sold out of Apple, Google, and Southwest Airlines in the afternoon. Google will report earning after the market close tomorrow, so does Amazon. I like both Amazon and Google around toward the end of the year but at the same time, I'm a bit cautious as they are at 52-week high, which made me a bit nervous. With oil futures continue to drop, I further rolled down my call contracts.
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March 2017
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