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May 31st Trading Log (Fri Trading Plan)

 
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PostPosted: Thu May 30, 2019 11:43 pm    Post subject: May 31st Trading Log (Fri Trading Plan) Reply with quote

May 31st Trading Log (Fri Trading Plan):

I made several fundamental errors recently, along with having some bad luck. I didn’t expect the oil stocks to fall below December levels, didn’t expect the 10 year bond yield to fall to 2.2%, technical indicators and sentiment suggested an oversold bounce, and bad timing on the 5% tariff on Mexico yesterday before the income and outlays report this morning. Stocks are expected to fall and bonds to rise at the open. I plan to buy more TLT puts and NVDA calls, look for a bounce to sell SLB and HAL shares, and may buy GOOG and BA calls. The calls that expire after today will be very cheap with huge leverage. There may be a great deal of volatility.

My portfolio is about $680,000 including $169,000 in cash.

Calls Contracts-Shares Long

NVDA Jun 140 2019 20
NVDA Jun 145 2019 20
SLB 6,000 shares
HAL 10,000 shares

Puts Contracts-Shares Short

TLT May 128 2019 500 weekly 31st
TLT May 129 2019 500 weekly 31st
TLT May 130 2019 200 weekly 31st
TLT Jun 125 2019 1,000
TLT Jun 127 2019 200
TLT Jun 129 2019 200
TLT Jun 130 2019 200

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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