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Joined: 28 Dec 2005 Posts: 11958
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Posted: Mon Jan 10, 2022 8:16 am Post subject: Jan 10th Trading Log (Updates) |
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Jan 10th Trading Log (Updates):
Morning Trades: Sold the 100 VXX Jan calls at 2.6, and bought 10 IWM Jan 210 calls at 6.2. Current Trades: Sold the 100 VXX 22 calls at 3.5, sold 100 VXX 20 calls at 4, bought 10 more BABA Mar calls at 15.45, sold the 40 IWM 215 calls at 3.15, bought the 100 VXX 20 calls back at 3.25, bought 100 more VXX 18 calls at 3.4, sold the 10 IWM calls at 7, and bought 100 more VXX 20 calls at 2.7 -------- I was wrong about SPX holding 4,660 support short term. Maybe, resistance now with 4,500 support? It should be a volatile week with Powell testimony Tuesday, CPI Wednesday, KBH reporting earnings Wednesday, TSM Thursday, and some big banks, e.g. JPM, Friday. It'll be interesting if IWM holds its narrow trading range over past year with support around 210.
My portfolio is at $540,000 including $347,900 in cash.
Calls Contracts-Shares Long
VXX Mar 18 2022 200
VXX Mar 20 2022 300
BABA Mar 120 2022 20
BABA Apr 125 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. |
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