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Next Week Trading (Jan 18th)

 
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PostPosted: Fri Jan 18, 2019 3:46 pm    Post subject: Next Week Trading (Jan 18th) Reply with quote

Next Week Trading (Jan 18th):

The daily NYMO closed at about 105, and its 10-day MA is about 100. Monday is a holiday. I doubt the NYMO will stay at these high levels for much longer. The SPY Jan 25 265 puts are 1.19. So, if the market opens high or flat, I’ll buy more of those puts, 100 at a time, since they’ve become cheap and have huge leverage, to make gains on volatility or a pullback. I expect at least a 10 point SPY pullback.

My portfolio is at $410,000 including $266,900 in cash.

Calls Contracts-Shares Long

GE Jan 10 2020 400

Puts Contracts-Shares Short

SPY Jan 265 2019 100 weekly 25th
SPY Feb 265 2019 100
QQQ Jan 165 2019 100 weekly 25th
QQQ Feb 165 2019 100

Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $300,000. 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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