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Joined: 28 Dec 2005 Posts: 11966
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Posted: Fri Nov 12, 2021 5:44 pm Post subject: Next Week Trading (Nov 12th) |
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Next Week Trading (Nov 12th):
It's likely SPY hit a short term top at 470 1/2 and it's currently 3 1/2 points below that. I expect a trading range, e.g. SPY 455 to 470, over the next two or three weeks. So, if the market opens high or rises Monday, I'll continue to buy SPY QQQ and MSFT puts, and VXX calls.
My portfolio is about $320,000 including $154,700 in cash.
Calls Contracts-Shares Long
VXX Nov 20 200 weekly 26th
VXX Dec 20 2021 200
SLB Jan 32.5 2022 50
SLB Jan 35 2022 100
Puts Contracts-Shares Short
SPY Nov 470 20 weekly 29th
SPY Dec 470 2021 20
QQQ Dec 395 2021 20
MSFT Dec 340 2021 30
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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