administrator Site Admin
Joined: 28 Dec 2005 Posts: 11966
|
Posted: Sat Jun 30, 2018 7:47 am Post subject: Next Week Trading (Jun 30th) |
|
|
Next Week Trading (Jun 30th)
GE remains undervalued, perhaps, because of selling after being booted out of the Dow. GE’s 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. |
|