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Next Week Trading (Dec 22nd - Updated)

 
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PostPosted: Fri Dec 21, 2018 1:25 pm    Post subject: Next Week Trading (Dec 22nd - Updated) Reply with quote

Next Week Trading (Dec 22nd - Updated):

If the market falls Monday, I’ll buy SPY calls that expire within two weeks, and bail-out of the Jan monthly calls on bounces, because the shorter-term calls are cheaper with more leverage and I’ll need to build-up cash, in case of a further fall. However, SPX held 2,400 Friday and there are many support levels in the 2,300s. Also, the market is extremely short-term oversold. So, we may stabilize in a volatile trading range, e.g. SPY 230 to 260 (after closing at 240 Friday). It may rise to 260 on a Santa Claus rally into early January. I expect at least a short-term wide trading range, e.g. SPY 235 to 245 rather than falling almost straight down, given oversold conditions. I plan to focus on SPY AAPL and GE.

My portfolio is over $265,000 including $84,200 in cash.

Calls Contracts-Shares Long

SPY Jan 245 2019 20
SPY Jan 250 2019 100
SPY Jan 252 2019 100
AAPL Jan 160 2019 70
AAPL Jan 165 2019 40
GE Mar 8 2019 1,000
GE Jun 9 2019 400
OIH Jan 15 2019 200

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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