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Fri & Next Week Trading Plan (Nov 25th)

 
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PostPosted: Thu Nov 25, 2021 10:38 am    Post subject: Fri & Next Week Trading Plan (Nov 25th) Reply with quote

Fri & Next Week Trading Plan (Nov 25th):

SPX hit a new all time high Monday morning above 4,740. I don't expect much upside, perhaps to 4,800, before a substantial correction, e.g. SPX to 4,400, in December or January. SPX closed at 4,701 yesterday. So, I plan to buy January or later puts on QQQ MSFT NVDA SMH SPY and TSLA, and January VXX calls, when the market rises. I'll still be away from computer in mornings. However, I'll set limit orders.

My portfolio is at $360,000 including $254,600 in cash.

Calls Contracts-Shares Long

DIA Jan 360 2022 20
BABA Jan 140 2022 10
SLB Jan 32.5 2022 100

Puts Contracts-Shares Short

QQQ Jan 400 2022 20
MSFT Jan 345 2022 20
NVDA Jan 350 2022 2

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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