administrator Site Admin
Joined: 28 Dec 2005 Posts: 11986
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Posted: Sat Jun 20, 2020 5:58 am Post subject: Next Week Trading (Jun 20th) |
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Next Week Trading (Jun 20th):
There's a huge disconnect between earnings expectations and stock index prices. To be in alignment, SPX needs to fall over 1,000 points and QQQ needs to fall to at least 160 (from 243). So, I plan to continue buying puts on market bounces.
My portfolio is about $125,000 including $46,400 in cash.
Calls Contracts-Shares
None
Puts Contracts-Shares Short
QQQ Jul 235 2020 40
QQQ Sep 240 2020 20
MSFT Sep 200 2020 20
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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