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Joined: 28 Dec 2005 Posts: 11965
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Posted: Tue Jun 18, 2019 1:51 pm Post subject: Jun 18th Trading Log (Wed Trading Plan) |
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Jun 18th Trading Log (Wed Trading Plan):
If the Fed announcement is dovish, I expect TLT to fall sharply. A two point TLT fall will increase the value of my puts well over $200K. It’s uncertain if SPY will rise or fall on the news. Nonetheless, I expect more volatility and plan to trade weekly options. MSFT seems very overvalued, because of competition. I may buy HAL on a pullback.
My portfolio is at $655,000 including $256,000 in cash.
Calls Contracts-Shares Long
None
Puts Contracts-Shares Short
TLT Jul 130 2019 1,000
TLT Aug 130 2019 1,500
SPY Aug 285 2019 100
SPY Sep 285 2019 100
QQQ Jul 185 2019 100
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $600,000. 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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