PeakTrader.com

[administrator]

Next Week Trading (May 2nd):

GE stock has basically been flat trading around 6.50 for three weeks. So, the implied volatilities of options fell and the time value of my 2021 calls are only 0.60 with intrinsic value of 1.50. If GE falls, I'll buy more calls. If the market opens high, I'll buy SPY and QQQ puts. I expect a further pullback or at least volatility to trade. I may buy SPY May 290 or June 280 puts and QQQ Jun puts.

My portfolio is at $240,000 including $148,900 in cash.

Calls Contracts-Shares

GE Jan 5 2021 50

Puts Contracts-Shares Short

SPY May 275 2020 30
SPY May 280 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.