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Joined: 28 Dec 2005 Posts: 11966
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Posted: Sat Oct 12, 2019 12:52 pm Post subject: Next Week Trading (Oct 12th) |
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Next Week Trading (Oct 12th):
SPY has support around 293, which is over three points lower and resistance in the low 300s. I expect my calls to outperform the market substantially this quarter. Also, I'll be adding three small cap biotechs soon, i.e. CTMX GLYC and PRTA, which have the potential for huge rallies.
My portfolio is over $495,000 including $132,600 in cash.
Calls Contracts-Shares Long
GE Jan 10 2020 1,000
OIH Jan 11 2020 200
OIH Jan 12 2020 1,400
HAL Jan 20 2020 1,200
HAL Jan 22.5 2020 1,200
RMBS Jan 10 2020 10
Puts Contracts-Shares Short
SPY Nov 295 2019 70
SPY Nov 300 2019 20
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss lowered to $300,000. 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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