administrator Site Admin
Joined: 28 Dec 2005 Posts: 11966
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Posted: Fri Apr 12, 2019 2:08 pm Post subject: Next Week Trading (Apr 12th) |
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Next Week Trading (Apr 12th):
Although, SPY can rise higher, I expect either volatility or a correction soon, e.g. a five point SPY pullback or at least a 5% correction. Over the past two weeks, SPY pullbacks have been too shallow to trade. If SPY rises early next week, I’ll buy more Jun puts, 100 at a time.
My portfolio is over $565,000 including $361,200 in cash.
Calls Contracts-Shares Long
GE Jan 8 2020 100
Puts Contracts-Shares Short
SPY Jun 285 2019 200
SPY Jun 290 2019 100
QQQ Jun 185 2019 100
AVGO May 310 2019 20
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $450,000. 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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