PeakTrader.com

[administrator]

Next Week Trading (Mar 6th):

The daily NYMO fell 21 to negative 93, and the Fear Greed Index is 7, which indicate an uptrend, although likely with more volatility. So, I plan to buy Mar and Apr calls on pullbacks. SLB hasn't been this low, since 2004, and OIH seems to be at an all time low or at least going back to 2001. It's possible some oil firms in OIH will go bankrupt or consolidate, but the selling seems overdone and a rally may take place soon.

My portfolio is about $250,000 including $77,500 in cash.

Calls Contracts-Shares Long

SPY Mar 305 2020 20
SPY Mar 308 2020 40
SPY Apr 310 2020 40
SLB Apr 27.5 2020 300
OIH Apr 7 2020 100
OIH Apr 8 2020 200
OIH 10,000 shares

Puts Contracts-Shares Short

VXX Mar 25 2020 100

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.