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Joined: 28 Dec 2005 Posts: 11966
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Posted: Fri Mar 15, 2019 4:51 pm Post subject: Next Week Trading (Mar 15th) |
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Next Week Trading (Mar 15th);
Three scenarios are likely for SPY: It’ll run-up to around 290 to complete a V-shape, since last September, and fall shortly thereafter; trade around 280, e.g. 275 to 285; or trade roughly between today’s high (at 282) and 270 or lower. SPY will likely trade sideways for two or three months soon, although the range is unknown. Nonetheless, big gains can be made on 10 to 20 point SPY swings. I’ll be looking to start buying QQQ puts, if QQQ rises Monday.
My portfolio is about $545,000 including $268,000 in cash.
Calls Contracts-Shares Long
GE Jan 8 2020 20
KHC Jan 30 2020 100
SLB Jan 40 2020 100
SLB 1,000 shares
HAL 3,000 shares
PGNX 4,000 shares
Puts Contracts-Shares Short
SPY May 280 2019 40
SPY Jun 280 2019 20
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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