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Joined: 28 Dec 2005 Posts: 11966
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Posted: Sat Oct 06, 2018 11:10 am Post subject: Next Week Trading (Oct 6th) |
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Next Week Trading (Oct 6th)
Options expire every Friday, but I may not trade AMZN options that expire in one day each week. I’ve been trading them rarely when the market is near a short-term extreme. It may be best to sell the DIA calls on a market bounce, and buy Dec or Jan SPY calls on market pullbacks. I’d like to buy GE 2019 calls on pullbacks, because I expect GE to be much higher in the first half of next year. My goal was to double my portfolio within a year. I’ve exceeded my goal. So, I plan to be more cautious. I’m also watching NEM calls. I had an opportunity to buy calls much lower last week. Maybe, they’ll fall back. Nonetheless, there may be more volatility and then a rally starting in November. Portfolio stop loss raised.
My portfolio is over $270,000 including $218,600 in cash.
Calls Contracts-Shares Long
DIA Oct 264 2018 100
GE Jan 12 2019 100
PGNX Nov 6 2018 100
Puts Contracts-Shares Short
None
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $200,000. 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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