administrator Site Admin
Joined: 28 Dec 2005 Posts: 11965
|
Posted: Wed Dec 25, 2019 11:13 am Post subject: Dec 25th Trading Log (Thu Trading Plan) |
|
|
Dec 25th Trading Log (Thu Trading Plan):
AAPL is three standard errors from mean, which suggests a significant pullback soon or at least much more volatility with a pullback. I expect at least a minor market pullback the last few days of the year, and the "melt up" to continue early next year with SPX topping around 3,350, although volatility may increase. I'll be looking to build up cash and buy more SPY Jun puts. Eventually, there will be a 10% to 20% downward correction, likely beginning in March.
My portfolio is at $500,000 including $53,000 in cash.
Calls Contracts-Shares Long
VXX Jan 14 100 weekly 3rd
VXX Jan 15 100 weekly 3rd
Puts Contracts-Shares Short
SPY Jan 320 2020 200
SPY Apr 315 2020 100
SPY Jun 315 2020 200
QQQ Jan 210 2020 100
AAPL Jan 275 2020 200
AAPL Jan 280 300 weekly 3rd
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss raised to $500,000. 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.” |
|