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Joined: 28 Dec 2005 Posts: 11966
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Posted: Thu Aug 02, 2018 2:36 pm Post subject: Aug 2nd Trading Log (Fri Trading Plan) |
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Aug 2nd Trading Log (Fri Trading Plan):
I expect more volatility with AAPL puts Friday, perhaps, particularly early in the trading day. Eventually, there will be profit taking. So, I plan to buy next week weekly puts, if AAPL opens high. However, AAPL has the potential to pullback several points and huge gains may be made with puts that expire this week. Also, I’ll by more SPY puts and GE calls, if there are opportunities.
My portfolio is at $135,000 including $59,100 in cash.
Calls Contracts-Shares Long
GE Jan 14 2019 200
GE Jan 15 2019 1,000
PGNX Aug 8 2018 100
Puts Contracts-Shares Short
SPY Aug 285 2018 20
AAPL Aug 205 2018 300 (weekly)
AAPL Aug 207.5 2018 50 (weekly)
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss at $50,000. Stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses and preserve capital in "irrational" market periods. |
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