PeakTrader.com Forum Index PeakTrader.com
Economics, Portfolio Optimization, and Technical Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
Log inFast Charts

Next Week Trading (Dec 17th)

 
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Trading Log *All Categories Free For Limited Time*
View previous topic :: View next topic  
Author Message
administrator
Site Admin


Joined: 28 Dec 2005
Posts: 11958

PostPosted: Fri Dec 17, 2021 6:03 pm    Post subject: Next Week Trading (Dec 17th) Reply with quote

Next Week Trading (Dec 17th):

SPX held 4,600 today and closed at 4,620. It has struggled to hold 4,700 (although hit an all time high about 4,745) over the past two months. Perhaps, it will be in a trading range over the next two or three weeks, particularly since it's up from a little over 3,750, or over 23%, since beginning of year. Perhaps in a 4,500 to 4,750 range? SPY and VXX tend to move inversely. So, I plan to take advantage of volatility to trade January to March calls on them. Also, buy BABA January or March calls on pullbacks. I plan to trade calls only on those three stocks, unless SPX rises above 4,700 to buy SPY puts.

My portfolio is about $555,000 including $476,900 in cash.

Calls Contracts-Shares Long

SPY Jan 450 2022 20
VXX Mar 20 2022 50
BABA Mar 120 2022 10

Puts Contracts-Shares Short

None

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.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Trading Log *All Categories Free For Limited Time* All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by PeakTrader 2.0.8 © 2001, 2002