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May 5th Trading Log (Updates):

Current Trades: Bought 400 more QQQ 670 puts at 14.15, sold the 100 USO puts at 12.25, bought 400 more QQQ 670 puts at 13.9, bought 200 more QQQ 670 puts at 13.6, bought 200 more QQQ 660 puts at 11.09, sold 10,000 SQQQ shares at 49.15, bought 400 more QQQ 660 puts at 10.95, bought 100 SMH May 510 puts at 9.5, sold 10,000 SQQQ shares at 48.80, bought 100 SMH Jun 510 puts at 22.2, and bought 100 more SMH May puts at 8.7 -------- QQQ RSI is still above 70 at about 74. So, another volatile day is likely. I plan to focus on QQQ SMH and USO.

My portfolio is about $11,725,000 including $188,500 in cash.

Calls Contracts-Shares Long

None

Puts Contracts-Shares Short

SQQQ 150,000 shares
QQQ Jun 660 2026 1,000
QQQ Jun 670 2026 2,000
SMH May 510 2026 200
SMH Jun 510 2026 100

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.