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Joined: 28 Dec 2005 Posts: 11986
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Posted: Fri Feb 22, 2019 3:02 pm Post subject: Next Week Trading (Feb 22nd) |
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Next Week Trading (Feb 22nd):
Two possible scenarios are: A trade agreement with China will be settled resulting in a short term market spike or an agreement will be postponed or unsettled resulting in a market pullback. Nonetheless, there may be a substantial market pullback, because the economy is heading into a cyclical downturn (not necessarily a recession) over the next few months. I expect SPY to fall over 10 points, at least into the 260s, within a month. So, I’ll continue to buy puts on bounces.
My portfolio is over $490,000 including $377,400 in cash.
Calls Contracts-Shares Long
GE Jan 8 2020 50
Puts Contracts-Shares Short
SPY Apr 280 2019 100
SPY Jun 280 2019 50
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $400,000. 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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