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Joined: 28 Dec 2005 Posts: 11980
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Posted: Tue Mar 10, 2020 1:06 pm Post subject: Mar 10th Trading Log (Wed Trading Plan) |
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Mar 10th Trading Log (Wed Trading Plan):
I suspect, when the Dow Industrials fell 2,000 points yesterday, it capitulated, and the market may be in an uptrend, at least through next week. SPY may rise above 300, or at least another 14 points. So, I plan to trade SPY calls, on volatility. SLB is at the lowest level, since the mid-90s!, along with other oil stocks, and plan to trade them on volatility too.
My portfolio is at $220,000 including $95,400 in cash.
Calls Contracts-Shares Long
SPY Apr 300 2020 100
HAL Jun 10 2020 200
OIH Apr 5 2020 200
OIH Apr 7 2020 100
OIH Apr 8 2020 200
Puts Contracts-Shares Short
VXX Mar 25 2020 100
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss suspended. Scaled up and adjusted portfolio. Both prior portfolios, since early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups," where stocks can go straight up month after month. |
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