Joined: 28 Dec 2005
|Posted: Sat Jul 20, 2019 5:11 am Post subject: Next Week Trading (Jul 20th)
|Next Week Trading (Jul 20th):
HAL reports earnings before the open Monday. Itís unknown, which direction it will go. However, it may hold the multi-year low at 21. If it pulls-back, Iíll buy more calls. A SPY correction is likely soon, perhaps after a Fed cut July 31st. So, Iíll buy Sep or Oct puts on bounces. Iíll be watching for opportunities to buy weekly options after earnings are reported. Some earnings next week are CMG FB TXN V BA UTX TSLA T CAT MCD and AMZN.
My portfolio is over $695,000 including $520,100 in cash.
Calls Contracts-Shares Long
GE Jan 10 2020 400
HAL Aug 22.5 2019 200
HAL Jan 25 2020 800
Puts Contracts-Shares Short
TLT Aug 132 2019 300
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss lowered to $500,000. 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.