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Joined: 28 Dec 2005 Posts: 11966
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Posted: Fri Jul 20, 2018 2:08 pm Post subject: Next Week Trading (Jul 20th) |
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Next Week Trading (Jul 20th):
GE will likely hold the recent low and be in a trading range. So, I plan to trade mostly Aug 13 calls. The most bearish price target on GE is 11, which is an outlier (only one analyst has a sell). However, given it bought back 20% of its shares, it may not fall much below 13.
My portfolio is about $120,000 including $64,700 in cash.
Calls Contracts-Shares Long
GE Aug 13 2018 300
GE Jan 14 2019 100
GE Jan 15 2019 600
PGNX Aug 8 2018 20
Puts Contracts-Shares Short
SPY Aug 280 2018 10
QQQ Aug 180 2018 10
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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