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Joined: 28 Dec 2005
Posts: 11978
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 Posted: Sat Jul 06, 2019 12:33 am Post subject: Next Week Trading (Jul 6th) |
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Next Week Trading (Jul 6th):
The economy has been slowing slightly, weighing on earnings. There may be a quarter point Fed cut July 31st, although with uncertainty till then. The China trade war also slows earnings growth and expectations in July. So, it seems, there will be a significant stock market pullback or at least more volatility. A Fed cut should cause a sell-off in the bond market, lowering the odds of a recession. I plan to take advantage of volatility to trade TLT and SPY puts, and hold GE and HAL calls. Also, I’ll stay heavy in cash.
My portfolio is at $660,000 including $420,400 in cash.
Calls Contracts-Shares Long
GE Jan 10 2020 200
HAL Jan 25 2020 400
Puts Contracts-Shares Short
TLT Aug 133 2019 400
SPY Sep 300 2019 70
SPY Oct 295 2019 40
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss lowered to $500,000. 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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