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Joined: 28 Dec 2005 Posts: 11984
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Posted: Tue Dec 31, 2019 9:18 pm Post subject: Dec 31st Trading Log (Thu Trading Plan) |
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Dec 31st Trading Log (Thu Trading Plan):
Since 1930, January 2nd has been the most volatile day of the year. Based on the median, SPX will move over 25 points Thursday, likely down, given the huge December and 2019 rally. Also, SPX and AAPL (GAAP) earnings have been flat to negative in 2019. Yet, their prices went way up. Although, prices deviate above and below earnings, for SPX to meet earnings, it would have to fall below 2,000 from 3,230 and AAPL would have to fall to slightly above 100 from 293! Of course, 5G should boost AAPL earnings next year, but not to justify even $200 a share. If SPY or AAPL rise Thursday, I'll buy more January 3 and 10 puts. AAPL has short term support around $280.
My portfolio is over $360,000 including $57,500 in cash.
Calls Contracts-Shares Long
VXX Jan 14.5 200 weekly 3rd
VXX Jan 14 100 weekly 10th
Puts Contracts-Shares Short
SPY Apr 315 2020 50
SPY Jun 315 2020 100
AAPL Jan 280 300 weekly 3rd
AAPL Jan 285 300 weekly 3rd
AAPL Jan 290 400 weekly 3rd
AAPL Jan 290 300 weekly 10th
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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