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Joined: 28 Dec 2005 Posts: 11966
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Posted: Thu Oct 25, 2018 1:22 pm Post subject: Oct 25th Trading Log (Fri Trading Plan) |
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Oct 25th Trading Log (Fri Trading Plan):
Currently, in after hours, SPY is down three points and AMZN down 150 points, after earnings. GE is also down to 11.60. I’ll continue buying only SPY and GE 2019 calls, except for AMZN options that expire in one day. If AMZN opens very low, I’ll buy calls, which are much cheaper after earnings. If it continues to fall, after the open, I’ll buy more calls. I expect AMZN to move on big swings. GE reports earnings Tuesday.
My portfolio is about $370,000 including $288,700 in cash.
Calls Contracts-Shares Long
SPY Jan 272 2019 20
GE Mar 13 2019 400
GE Jun 14 2019 600
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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