administrator Site Admin
Joined: 28 Dec 2005 Posts: 11966
|
Posted: Mon Feb 25, 2019 2:01 pm Post subject: Feb 25th Trading Log (Tue Trading Plan) |
|
|
Feb 25th Trading Log (Tue Trading Plan):
If SPY opens high, I’ll buy weekly puts, e.g. 280 to 282, that expire after Friday. I expected GE to rise higher, i.e. over 12, because it’s selling 15% of its health care unit (by revenue) for over $20 billion. Nonetheless, I expect GE to be higher later this year. If SPY opens low, I’ll sell 20 to 50 puts at a time, depending how low it opens, or falls. I’ll also watch QQQ.
My portfolio is over $500,000 including $352,900 in cash.
Calls Contracts-Shares Long
GE Jan 8 2020 100
Puts Contracts-Shares Short
SPY Mar 280 2019 50
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. |
|