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Next Week Trading (Nov 19th)

 
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PostPosted: Fri Nov 19, 2021 4:52 pm    Post subject: Next Week Trading (Nov 19th) Reply with quote

Next Week Trading (Nov 19th):

Last week, I expected SPY to trade between 455 and 470. However, it traded between 466 and 471, while QQQ and MSFT rose over 10 points each! And, remarkably, the daily NYMO fell from around negative five to about negative 55, this week, which suggests a high probability of a SPY rally, although it could fall or stay around 470 for a while. Oil prices fell about $3 a barrel today. I plan to take advantage of volatility to scale back on my QQQ and MSFT put positions and move into January puts. Also, I plan to buy December calls on the Dow Jones Industrials (DIA or DJX). Perhaps, oil prices will bounce next week (rise in SLB calls). I still like TSLA and NVDA puts (to buy more), and BIDU and PDD calls.

My portfolio is about $270,000 including $107,300 in cash.

Calls Contracts-Shares Long

BIDU Dec 160 2021 30
SLB Jan 32.5 2022 300
SLB Jan 35 2022 100

Puts Contracts-Shares Short

QQQ Nov 400 80 weekly 29th
QQQ Dec 395 2021 40
QQQ Dec 400 2021 40
MSFT Dec 340 2021 40
MSFT Dec 350 2021 20
TSLA Dec 1,150 1 weekly 3rd
NVDA Dec 320 10 weekly 3rd

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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