PeakTrader.com

[administrator]

Feb 21st Trading Log (Updates):

Current Trades: Bought 10 SPY Mar 400 calls at 10.75, bought 1,000 more BABA shares at 96.00, bought 10 more SPY calls at 10.25, bought 10,000 more DNA shares at 1.65, bought 20 SPY Feb 24 400 calls at 4.6, bought 10 more SPY Mar calls at 9.75, bought 20 more SPY Feb calls at 3.9, bought 1,000 more GOOG shares at 92.40, bought 10 more SPY Mar calls at 9.25, bought 30 more SPY Feb calls at 3.3, and bought 10 more SPY Mar calls at 8.5 ---------- SPX fell 82 points and closed at 3,997. Support is around 3,950, near the 50 and 200 day MAs. The daily NYMO fell 35 points to negative 81. If SPX falls again tomorrow, I'll buy heavy positions in SPY calls. I expect volatility, to make gains, and a bounce to at least 4,050 by early next week.

My portfolio is over $2,535,000 including $1,861,800 in cash.

Calls Contracts-Shares Long

SPY Feb 400 70 24th
SPY Mar 400 2023 50
BABA 3,000 shares
GOOG 3,000 shares
DNA 30,000 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.