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Dec 24th Trading Log (Trading Plan - Updated)

 
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PostPosted: Mon Dec 24, 2018 1:25 pm    Post subject: Dec 24th Trading Log (Trading Plan - Updated) Reply with quote

Dec 24th Trading Log (Wed Trading Plan):

My GE calls are worth over $80,000. If the market falls again, I may sell the GE calls and buy SPY and QQQ calls. Just three trading days ago, SPY was 17 points higher, and at the beginning of December, it was 47 points higher. I’m still expecting a big bounce or powerful rally soon. I heard there will be rebalancing from bonds to stocks later this week, which is bullish for stocks. However, I also heard SPX 2,300 or 2,250 is the target for the bearish head & shoulders, although it’s uncertain when that target will be reached. Nonetheless, there should be volatility. So, I may start buying SPY Jan or Feb puts on bounces. I expected much more upside volatility recently, given oversold conditions. There may be a 10 point SPY bounce later this week.

My portfolio is about $215,000 including $41,700 in cash.

Calls Contracts-Shares Long

SPY Dec 235 2018 20 weekly 28th
SPY Dec 240 2018 40 weekly 28th
SPY Jan 235 2019 20 weekly 4th
SPY Jan 240 2019 40 weekly 4th
SPY Jan 245 2019 20
SPY Jan 250 2019 100
AAPL Jan 150 2019 20 weekly 4th
AAPL Jan 160 2019 70
AAPL Jan 165 2019 40
GE Mar 8 2019 1,000
GE Jun 9 2019 600
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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