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Joined: 28 Dec 2005 Posts: 11979
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Posted: Fri Jul 06, 2018 6:02 pm Post subject: Next Week Trading (Jul 6th) |
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Next Week Trading (Jul 6th)
The best time to buy GE Jul calls is the week of options expiration, because they’ll be cheap with huge leverage. GE reports earnings Fri Jul 20th, the day before Jul monthly options expire. Perhaps, GE will pullback next week, although it may rise into earnings. It looked like a short covering rally today. So, there may be a significant pullback.
My portfolio is about $160,000 including $101,200 in cash.
Calls Contracts-Shares Long
GE Sep 15 2018 300
GE Jan 15 2019 300
PGNX Aug 8 2018 20
Puts Contracts-Shares Short
SPY Aug 272 2018 30
QQQ Aug 175 2018 20
TLT Aug 122 2018 50
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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