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Joined: 28 Dec 2005 Posts: 11982
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Posted: Thu Jan 06, 2022 8:02 am Post subject: Jan 6th Trading Log (Updates) |
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Jan 6th Trading Log (Updates):
Morning Trades: Sold 10 BABA calls at 16, bought the 10 BABA calls back at 14, sold 100 VXX Mar 20 calls at 3.5, and bought 100 VXX Mar 18 calls at 3.7. Current Trades: Sold 10 BABA calls at 16, bought the 100 VXX 20 calls back at 3.1, and sold 100 VXX 20 calls at 3.45 -------- It's unlikely SPX will rise above 4,800 again short-term. It's more likely to fall towards 4,500 first or trade in a range, e.g. 4,650 to 4,750. Also, a 10% correction may take place before mid-year, to 4,250? IWM calls turned out to be a buy at 216 instead of 215.
My portfolio is at $545,000 including $393,600 in cash.
Calls Contracts-Shares Long
VXX Mar 18 2022 100
VXX Mar 20 2022 100
VXX Mar 22 2022 200
BABA Mar 120 2022 10
Puts Contracts-Shares Short
None
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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