administrator Site Admin
Joined: 28 Dec 2005 Posts: 11966
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Posted: Sat Sep 21, 2019 3:22 am Post subject: Next Week Trading (Sep 21st) |
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Next Week Trading (Sep 21st):
I'll continue to buy HAL and OIH (which typically move together) calls on pullbacks. I expect significant rises and volatility to make gains. HAL may at least rise to 23, and perhaps break out to the high 20s. Also, GE may rise above 10 or 11. I'll be looking for other opportunities. However, except for volatility trading, with weekly options, don't see any worth the risk.
My portfolio is over $635,000 including $446,500 in cash.
Calls Contracts-Shares Long
GE Jan 10 2020 600
OIH Jan 12 2020 200
HAL Jan 20 2020 400
HAL Jan 22.5 2020 500
Puts Contracts-Shares Short
None
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss raised to $450,000. 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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