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Joined: 28 Dec 2005 Posts: 11965
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Posted: Fri Jan 04, 2019 2:00 pm Post subject: Next Week Trading (Jan 4th) |
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Next Week Trading (Jan 4th):
GE rose above 8 1/2 in after hours on a possible buyout of its aviation leasing unit in GE Capital. I expect volatility next week. I’ll mostly focus on FB SLB OIH and CVX for calls, and QQQ puts. I plan to stay heavy in cash. Some bearish predictions are the market will retest the low - making a lower low - after SPY rises to 260-65, and QQQ will fall to 120 within a year, after retesting the December low below 145.
My portfolio is at $400,000 including $298,300 in cash.
Calls Contracts-Shares Long
GE Jun 9 2019 500
GE Jan 10 2020 400
Puts Contracts-Shares Short
QQQ Mar 160 2019 20
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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