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Dec 27th Trading Log (Updates):

Morning Trades: Bought 20 more SPY puts at 11.5, sold 20 BABA Feb calls at 10.5, bought the 20 BABA Feb calls back at 8.5, and bought 100 more VXX Feb calls at 2.95. Current Trades: Bought 20 more SPY puts at 10.5, bought 100 more VXX Feb calls at 2.75, and bought 20 more SPY puts at 10. --------- SPX up 250 points in last five trading days so far. Basically, straight up. The faster the market moves, the better for options, since they expire. May buy January weekly options tomorrow?

My portfolio is about $515,000 including $141,700 in cash.

Calls Contracts-Shares Long

VXX Feb 20 2022 500
VXX Mar 22 2022 300
BABA Feb 120 2022 40
BABA Mar 120 2022 20

Puts Contracts-Shares Short

SPY Feb 475 2022 80

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.