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Next Week Trading (Feb 22nd)

 
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PostPosted: Fri Feb 22, 2019 3:02 pm    Post subject: Next Week Trading (Feb 22nd) Reply with quote

Next Week Trading (Feb 22nd):

Two possible scenarios are: A trade agreement with China will be settled resulting in a short term market spike or an agreement will be postponed or unsettled resulting in a market pullback. Nonetheless, there may be a substantial market pullback, because the economy is heading into a cyclical downturn (not necessarily a recession) over the next few months. I expect SPY to fall over 10 points, at least into the 260s, within a month. So, I’ll continue to buy puts on bounces.

My portfolio is over $490,000 including $377,400 in cash.

Calls Contracts-Shares Long

GE Jan 8 2020 50

Puts Contracts-Shares Short

SPY Apr 280 2019 100
SPY Jun 280 2019 50

Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $400,000. 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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