Joined: 28 Dec 2005
|Posted: Fri Jan 11, 2019 2:28 pm Post subject: Next Week Trading (Jan 11th - Update)
|Next Week Trading (Jan 11th):
The daily NYMO fell only three points yesterday to about 115. Itíll be lower after today. Nonetheless, the market remains overbought. Next week is a monthly options expiration week, which tend to be volatile. So, if the market opens high Monday, that may be an excellent opportunity to buy more QQQ Jan puts. Update: The NYMO closed at 107 today.
My portfolio is about $435,000 including $289,000 in cash.
Calls Contracts-Shares Long
GE Jun 9 2019 200
GE Jan 10 2020 400
Puts Contracts-Shares Short
QQQ Jan 163 2019 50
QQQ Mar 160 2019 100
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $300,000. 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.