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Joined: 28 Dec 2005 Posts: 11980
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Posted: Fri May 17, 2019 1:04 pm Post subject: Next Week Trading (May 17th) |
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Next Week Trading (May 17th):
I expect a downtrend and volatility. So, I’ll be looking to sell all or part of the puts, and buy more GE calls and OIH stock. Perhaps, TLT will rise further to buy puts. I may buy more SPY puts on bounces. Portfolio stop loss raised.
My portfolio is about $780,000 including $710,000 in cash.
Calls Contracts-Shares Long
GE Jan 10 2020 100
Puts Contracts-Shares Short
SPY Sep 290 2019 50
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $600,000. 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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