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Joined: 28 Dec 2005 Posts: 11966
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Posted: Fri Oct 12, 2018 1:33 pm Post subject: Next Week Trading (Oct 12th) |
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Next Week Trading (Oct 12th):
Perhaps, Friday will be an opportunity to trade options that expire in one day. However, I’d be much more cautious. It may be best to focus on GE calls, because the sum of its parts are worth much more than the whole. I plan to build-up the GE position on pullbacks. I think, it could rise to 17 by the end of the year. However, in this market, it may fall to 11 first. Also, I expect some changes at GE that may send the stock lower or create volatility, e.g. eliminating the dividend or diluting the stock to raise cash.
My portfolio is about $350,000 including $249,900 in cash.
Calls Contracts-Shares Long
GE Jun 14 2019 500
GE Jan 15 2020 500
Puts Contracts-Shares Short
None
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $200,000. 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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