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Next Week Trading (Mar 2nd - Revised)

 
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PostPosted: Fri Mar 01, 2019 2:11 pm    Post subject: Next Week Trading (Mar 2nd - Revised) Reply with quote

Next Week Trading (Mar 2nd - Revised):

SPY may consolidate and trade around 280 for a month or two. However, given slower economic growth and the SPY doji Friday, there may be a significant pullback next week, e.g. SPY failing several points. Also, there may be a bigger pullback within a month or two. Nonetheless, I plan to be cautious, e.g. buying longer-term in-the-money puts rather than weekly puts, because SPY may continue the uptrend.

My portfolio is at $510,000 including $299,600 in cash.

Calls Contracts-Shares Long

GE Jan 8 2020 100
GE Jan 10 2020 100
OIH 2,000 shares
KHC 2,000 shares
PGNX 4,000 shares

Puts Contracts-Shares Short

QQQ Mar 176 2019 20
SPY Apr 280 2019 40
SPY May 280 2019 40

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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