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Joined: 28 Dec 2005 Posts: 11965
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Posted: Wed Mar 04, 2020 1:09 pm Post subject: Mar 4th Trading Log (Thu Trading Plan) |
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Mar 4th Trading Log (Thu Trading Plan):
I expect SPY to rise above 320 in March, given oversold conditions. However, I also expect volatility. So, I plan to buy SPY March and April calls on pullbacks. Moreover, there may be a lower low in April or May. So, I'll buy June or later puts.
My portfolio is about $255,000 including $202,700 in cash.
Calls Contracts-Shares Long
SLB Apr 30 2020 200
Puts Contracts-Shares Short
SPY Jun 320 2020 20
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss suspended. Scaled up and adjusted portfolio. Both prior portfolios, since early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups," where stocks can go straight up month after month. |
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