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Joined: 28 Dec 2005 Posts: 11966
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Posted: Wed Jul 17, 2019 12:19 pm Post subject: Jul 17th Trading Log (Thu Trading Plan) |
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Jul 17th Trading Log (Thu Trading Plan)
I expect the FOMC to cut 1/4 point July 31st, which will cause bonds (TLT) to fall and stocks to rise. However, there will likely be further downside till then. So, if SPY rises, I’ll buy more puts, or VXX calls. HAL was about 2 1/4 points higher two days ago, and expect fast moves, although it may test the recent low. I expect HAL and OIH to be much higher later this year.
My portfolio is over $675,000 including $439,500 in cash.
Calls Contracts-Shares Long
VXX Jul 21 2019 40
OIH Aug 15 2019 500
OIH Jan 15 2020 100
GE Jan 10 2020 400
HAL Aug 22.5 2019 500
HAL Jan 25 2020 500
Puts Contracts-Shares Short
TLT Aug 132 2019 500
SPY Sep 300 2019 20
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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