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Joined: 28 Dec 2005 Posts: 11981
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Posted: Wed Aug 14, 2019 1:46 pm Post subject: Aug 14th Trading Log (Thu Trading Plan) |
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Aug 14th Trading Log (Thu Trading Plan):
TLT continued its parabolic rise, while the 30 year bond yield fell to an all time low below 2.02%, very close to the three month yield! I expect TLT to fall over three points soon to 142 support. If SPY falls again tomorrow, I may buy Aug calls, which will be cheap, since they expire after Friday, along with CSCO calls. I expect more volatility Thursday and Friday. I plan to trade Aug options, including on TLT.
My portfolio is at $505,000 including $69,900 in cash.
Calls Contracts-Shares Long
CSCO Aug 47 2019 10
CSCO Aug 48 2019 20
GE Jan 10 2020 1,000
HAL Sep 20 2019 1,000
HAL Nov 20 2019 200
HAL Jan 20 2020 600
HAL Jan 25 2020 2,000
Puts Contracts-Shares Short
TLT Sep 142 2019 500
TLT Sep 145 2019 400
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss lowered to $500,000. Scaled up and adjusted portfolio. Both prior portfolios, since the early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups.” |
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