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Joined: 28 Dec 2005 Posts: 11981
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Posted: Sat Mar 28, 2020 5:32 am Post subject: Next Week Trading (Mar 28th) |
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Next Week Trading (Mar 28th):
SPY may fall below 200, because it seems the economy will not move towards normalization for at least several more weeks. So, I'll buy SPY puts on market bounces. The low 260s may be the short term top. And, volatility should continue.
My portfolio is over $230,000 including $212,400 in cash.
Calls Contracts-Shares
None
Puts Contracts-Shares Short
SPY May 250 2020 10
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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