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Joined: 28 Dec 2005 Posts: 11980
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Posted: Tue Mar 31, 2020 1:06 pm Post subject: Mar 31st Trading Log (Wed Trading Plan) |
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Mar 31st Trading Log (Wed Trading Plan):
SPY may overshoot on upside, perhaps by mid-April, to the low 270s, before declining to 180 to 200. So, I took advantage of volatility to sell some puts. SPY has been trading in at least a seven point intraday range recently. I plan to hold some puts, in case the low 260s resistance holds.
My portfolio is about $225,000 including $169,200 in cash.
Calls Contracts-Shares
None
Puts Contracts-Shares Short
SPY May 250 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. |
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