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Mar 18th Trading Log (Premarket):

I expected the market to relieve its extreme oversold level before a leg lower. However, that hasn't happened. The daily NYMO is negative 78 and the VIX is higher than at the peak of the 2009 financial crisis. Perhaps, SPY will somewhat stabilize around 250, rising to 260, for a while, which can move oversold conditions to a more neutral level before falling below 200. Many options are very expensive due to extremely high implied volatilities and big moves in those stocks move the options little. I'll be looking to buy SPY and QQQ Apr calls on pullbacks.

My portfolio is about $185,000 including $110,000 in cash.

Calls Contracts-Shares Long

HAL Apr 6 2020 200
HAL May 10 2020 200
OIH Apr 5 2020 200

Puts Contracts-Shares Short

VXX Mar 55 2020 20
VXX Apr 50 2020 40

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.