administrator Site Admin
Joined: 28 Dec 2005 Posts: 11966
|
Posted: Mon Mar 09, 2020 2:15 am Post subject: Mar 9th Trading Log (Premarket) |
|
|
Mar 9th Trading Log (Premarket):
I plan to double down on the low open and sell the OIH shares, if necessary, to buy more options. I'll be looking at calls on SPY SLB and OIH, and puts on VXX and TLT. I expect enough volatility to bail out of some options with minor losses at worst, given technical indicators show very short term oversold.
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. |
|