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Next Week Trading (Jun 30th)

 
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PostPosted: Sat Jun 30, 2018 7:47 am    Post subject: Next Week Trading (Jun 30th) Reply with quote

Next Week Trading (Jun 30th)

GE remains undervalued, perhaps, because of selling after being booted out of the Dow. GEs market cap is less than $120 billion. However, if it sold its healthcare unit, it may receive around $80 billion, and selling its stake in oil & gas would generate another over $20 billion. Its remaining businesses (mostly aviation and power) may be worth another $80 billion. Even with payments to GE Capital and the pension shortfall (which GE has decades to deal with), GE is worth around $20 a share, to become fairly valued. GE reports earnings Jul 20th. The selling from Dow funds should end before then. I plan to start buying Jul calls soon, perhaps 13, 13.5, or 14 calls.

My portfolio is about $155,000 including $78,100 in cash.

Calls Contracts-Shares Long

GE Sep 15 2018 300
GE Jan 14 2019 200
GE Jan 15 2019 500
PGNX Aug 8 2018 20
IOVA Jul 12.5 2018 20


Puts Contracts-Shares Short

SPY Aug 272 2018 10
TLT Aug 122 2018 20

Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss at $50,000. Stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses and preserve capital in "irrational" market periods.
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