Nothing $OPENed, A Lot Closed
Weekly Recap for the week ending August 7th, 2026
Summary
Closed Profit/(Loss): $5,230
Opened Trades: 0
Managed Trades: 5
Closed Trades: 7
Open Positions: 22
Opened
No trades opened this week.
Managed
MCD 0.00%↑ reported earnings before the open on Tuesday. The response was somewhat muted. I went ahead and closed the Short Call in my Call Diagonal for a small debit of $15. This now leaves me with a $290 Call in the September 18th expiration for a total debit of $605.
UBER 0.00%↑ had a muted move post earnings on Wednesday. I closed the Short Call in my Call Diagonal for a small debit of $3. This leaves me with a $75 Call in the September 18th expiration for a total debit of $383.
SPCX 0.00%↑ had a negative reaction post earnings. I went ahead and rolled just the Short Put side of my Covered Short Strangle. I rolled my Short Put down to the $115 Strike and out to the September 18th expiration for an additional credit of $75. This leaves me with a Covered Call in the August 21st expiration at the $200 Strike and the new Short Put. My net credit received is now $1,050.
Bonds had a little bit of a rally on Wednesday, that was faded a bit on Thursday. On Thursday, I decided to roll my Short Put in Bond Futures (/ZBZ6) down and out. I rolled it down to the 107 Strike and out to the September 25th expiration. I did this for an additional credit of $187.50 or 12 ticks. This makes my net credit received now $609.38 (or 39 ticks). The Order Chains are a little messed up on this one.
My SMH 0.00%↑ Short Put was at 14 DTE on Friday, I decided to roll it down and out. I rolled it down to the $610 Strike and out to the September 18th expiration. I did this for a small credit of $70. This brings my net credit received to $4,000 and my break-even to $570.
Closed
Monday brought us a nice green day. This triggered my GTC to close my Short Put in Nasdaq Futures (/NQU6) at 50% of Max Profit, netting $3,060. I opened this on July 13th, and this took some heat last week.
Tuesday brought us another huge green day. I decided to close my Super Bull out in AVGO 0.00%↑. I was able to close this for an additional credit of $235, due to the Call Debit Spread going fully ITM. I closed this for a 122% gain, netting $1,300.
NVDA 0.00%↑ had a nice run up after the SPCX earnings on Wednesday. I was able to close my short put out for 71% of Max Profit, netting $1,060.
On Thursday, I decided to close my Short Box Spread in the S&P 500 Index (SPX). My Buying Power was freed up and I no longer needed the extra cash. I closed this out for a $40 loss. This was to borrow money for about a week.
During the last hour and a half of the market day on Thursday, I went with a 0 DTE Call Butterfly in the S&P 500 Index (SPX). This was a cheap shot to pin SPX around $7,730 by the End of the Day. This expired worthless for a loss of $150.
On Friday, my Long Call on NOW 0.00%↑ went In the Money. I decided to take the win on this one. I closed this out for a 42% gain, netting $240.
I decided to participate in SNDK 0.00%↑ earnings on Wednesday. I went with a 2 DTE Call Butterfly, attempting to pin SNDK at $1,600. This did not pan out and resulted in the Max Loss of $240.
Open Options/Futures Positions
Note: The screenshots for the Open Profit/Loss from TastyTrade is slightly out of date since I closed some positions out yesterday and I put this together late.
Disclaimer: Options and futures involve substantial risk and are not suitable for all investors. This content is for educational purposes only and does not constitute investment advice. Past performance does not guarantee future results. Always consult a qualified financial professional before making investment decisions.