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Jun 19th Trading Log (Thu Trading Plan)

 
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PostPosted: Wed Jun 19, 2024 12:11 am    Post subject: Jun 19th Trading Log (Thu Trading Plan) Reply with quote

Jun 19th Trading Log (Updates):

Market closed Wednesday. QQQ closed at 485 3/4 Tuesday and remains very overbought (e.g. RSI above 80). A pullback is highly likely, e.g. to the low 470s next week. And, expect more volatility this week. The QQQ Jun 28 480 to 485 puts are between 2.4 and 4.3. I plan to buy heavy positions on QQQ bounces. Also, more Aug 480 puts and NVDA puts.

My portfolio is over $3,695,000 including $1,897,900 in cash.

Calls Contracts-Shares Long

BABA Jan 75 2025 200

Puts Contracts-Shares Short

QQQ Jun 480 500 28th
QQQ Aug 480 2024 1,000
QQQ Oct 475 2024 200
QQQ Oct 480 2024 200
NVDA Jun 140 50 28th
NVDA Jul 135 2024 100

BABA $0.66 dividend per share on 2,000 shares payable July 12. 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 go straight up month after month.
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