PeakTrader.com

[administrator]

May 19th Trading Log (Updates):

Current Trades: Sold the 20 NVDA May puts at 10, bought 1,000 BABA shares at 83.50, sold the 50 NVDA Jul puts at 15.75, bought 1,000 TLT shares at 101.00 sold the 300 MSFT Jun puts at 7.75, bought 100 AAPL May 19 180 puts at 4, sold the 100 AAPL puts at 4.55, sold the 200 MSFT Aug puts at 10.75, sold the 200 QQQ Jun puts at 5.9, bought 100 MSFT Jul 320 puts at 10.2, and sold 100 QQQ Aug 325 puts at 8.4 --------- Powell is expected to speak at 11 PM ET, which may generate volatility. QQQ may rise another five points or so, between 340 and 345, before this short squeeze is over and a substantial correction takes place. So, I'll attempt to minimize losses before that possibility and be in position to make big gains.

My portfolio is at $2,690,000 including $1,379,500 in cash.

Calls Contracts-Shares Long

TLT 5,000 shares
BABA 3,000 shares

Puts Contracts-Shares Short

QQQ Aug 325 2023 300
QQQ Aug 330 2023 200
MSFT Jul 320 2023 100

Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss at $2,500,000. 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.