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Joined: 28 Dec 2005 Posts: 11979
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Posted: Wed Aug 28, 2019 9:06 pm Post subject: Aug 28th Thu Trading Plan |
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Aug 28th Thu Trading Plan:
HAL hit 16.97 this morning and bounced big reaching 18.26 before pulling back to around 18. Perhaps, finally, this is the “wash out” and it may rally to the low to mid 20s within a month. So, I’ll buy HAL calls on pullbacks and sell some on bounces. I expect GE to hold the 6.66 low and rise above 9 or 10. So, I’ll buy calls on pullbacks. Also, I expect TLT to pullback several points and I’ll buy Sep puts on bounces. There may be enough volatility to make gains on SPY puts, although it’ll likely hold the 282 low.
My portfolio is over $445,000 including $134,600 in cash.
Calls Contracts-Shares Long
GE Jan 10 2020 800
TLRY Sep 30 2019 40
HAL Oct 20 2019 600
HAL Nov 20 2019 400
HAL Jan 20 2020 600
HAL Jan 25 2020 2,000
Puts Contracts-Shares Short
TLT Sep 145 2019 200
TLT Oct 145 2019 400
SPY Oct 290 2019 30
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss lowered to $300,000. Scaled up and adjusted portfolio. Both prior portfolios, since the early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups.” |
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