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Joined: 28 Dec 2005 Posts: 11966
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Posted: Sat Nov 09, 2019 7:34 am Post subject: Next Week Trading (Nov 9th) |
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Next Week Trading (Nov 9th):
I expect volatility to pick up till the end of the month, although SPY may not fall much. So, I plan to trade VXX weekly calls each week. If there is a significant SPY pullback, e.g. to the low 300s, I'll be looking to buy HAL and OIH Jan or later calls. AAPL closed above 260 and I'll be looking to buy Nov or Dec puts. Perhaps, SPY will rise to 330 early next year and then a 10% correction?
My portfolio is over $780,000 including $674,200 in cash.
Calls Contracts-Shares Long
VXX Nov 18 2019 100
Puts Contracts-Shares Short
SPY Dec 312 50 weekly 6th
SPY Mar 300 2020 40
SPY Mar 310 2020 40
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss raised to $400,000. 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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