PeakTrader.com

[administrator]

Sep 29th Trading Log (Updates):

Current Trades: Bought 50 more SPY calls at 11.25, bought 30 more SPY calls at 11, bought 50 BABA Nov 80 calls at 6.1, bought 50 more SPY calls at 10.25, bought 5,000 more EWG shares at 19.50, bought 50 more SPY calls at 9.75, sold the 4,000 HAL shares at 24.40, bought 50 more SPY calls at 9.5, and bought 50 more SPY calls at 9 -------- SPX fell 79 points to 3,640 with a low of 3,610 today. Tomorrow is the end of the quarter and many indicators suggest the market is near a bottom. I plan to focus only on SPY BABA and EWG, buying on pullbacks and selling some on bounces. Tomorrow may be an opportunity to trade SPY Oct calls, including weeklies.

My portfolio is at $1,920,000 including $1,228,000 in cash.

Calls Contracts-Shares Long

EWG 10,000 shares
SPY Nov 375 2022 400
BABA Nov 80 2022 50
BABA Nov 90 2022 50
BABA Jan 90 2023 100

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.