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Jan 27th Trading Log (Updates):

Morning Trades: Bought 20 more BABA 120 calls at 11, sold 20 BABA 120 calls at 12, sold the 20 SPY Feb calls at 17, and sold the 20 SPY Mar calls at 19. Current Trades: Bought the 20 SPY Mar calls back at 17, bought 20 QQQ Mar 350 calls at 14.2, sold the 20 QQQ calls at 15.5, sold the 20 BABA 125 calls at 10, bought 20 SPY Feb 425 calls 18.8, bought 20 more SPY Mar calls at 15, bought 20 more SPY Feb calls at 16.6, bought 20 more SPY Feb calls at 15.5, and sold 20 SPY Feb calls at 17 -------------- The market continues to become more oversold with the daily NYMO at negative 89 and the daily SPX RSI below 24 1/2. SPX closed at 4,326 and 4,450 has been resistance. I think, SPX can rise towards 4,450 tomorrow. So, I'll continue to buy calls on pullbacks and sell on bounces.

My portfolio is at $745,000 including $583,300 in cash.

Calls Contracts-Shares Long

SPY Feb 425 2022 40
SPY Mar 435 2022 40
BABA Jun 120 2022 20
VERU 4,000 shares

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.[