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Joined: 28 Dec 2005 Posts: 11986
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Posted: Wed Nov 27, 2019 2:30 pm Post subject: Nov 27th Trading Log (Fri Trading Plan) |
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Nov 27th Trading Log (Fri Trading Plan):
SPX hasn't had more than a 0.5% correction to downside in 35 trading days, and VIX net shorts continue to make all time highs. Moreover, sentiment is very bullish, e.g. the Optimism Index. I expect a significant pullback within a week or two with VXX jumping five to 10 points. So, I plan to keep buying VXX weekly calls, which continue to become cheaper, to more than recover my recent losses, along with selling puts. The market closes early Friday.
My portfolio is over $710,000 including $403,800 in cash.
Calls Contracts-Shares Long
VXX Nov 16.5 300 weekly 29th
VXX Nov 17.5 600 weekly 29th
VXX Dec 16 200 weekly 6th
VXX Dec 17 400 weekly 6th
OIH Jan 12 2020 800
Puts Contracts-Shares Short
SPY Jan 315 2020 100
SPY Mar 310 2020 100
QQQ Jan 205 2020 300
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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