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Joined: 28 Dec 2005 Posts: 11966
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Posted: Thu Apr 18, 2019 3:11 pm Post subject: Next Week Trading (Apr 18th) |
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Next Week Trading (Apr 18th):
A possible scenario is SPY making a new high at about 295 in early May, trading sideways between 285 and 295 till early June, and then falling to between 260 and 280. I plan to take advantage of volatility to buy SPY Jul puts and sell Jun puts. There may be opportunities to trade weekly options the day after earnings are reported, since implied volatility deflates, while short covering causes volatility initially, along with buying puts on stocks that become overextended.
My portfolio is over $600,000 including $467,100 in cash.
Calls Contracts-Shares Long
GE Jan 8 2020 100
Puts Contracts-Shares Short
SPY Jun 290 2019 150
SPY Jul 290 2019 50
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $450,000. 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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