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Joined: 28 Dec 2005 Posts: 11966
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Posted: Fri Aug 10, 2018 4:34 pm Post subject: Next Week Trading (Aug 10th) |
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Next Week Trading (Aug 10th)
SPY may not have much upside over the next month or two, and will likely pullback substantially. AAPL should also fall on a significant SPY pullback. Next week should be volatile. So, I plan to trade SPY and AAPL Aug and Sep puts. Also, I expect GE and PGNX to be much higher by the end of the year. On a big market pullback, TLT may rise, and may buy long-term puts.
My portfolio is over $135,000 including $60,300 in cash.
Calls Contracts-Shares Long
GE Jan 14 2019 500
GE Jan 15 2019 1,000
PGNX Aug 9 2018 100
PGNX Nov 8 2018 40
Puts Contracts-Shares Short
SPY Sep 285 2018 20
AAPL Sep 205 2018 30
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $100,000. 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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