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Joined: 28 Dec 2005 Posts: 11966
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Posted: Wed Jan 12, 2022 8:14 am Post subject: Jan 12th Trading Log (After Close Update) |
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Jan 12th Trading Log (Updates):
Morning Trades: Sold the 10 BABA calls at 23, bought 100 VXX Jan 17 calls at 0.99, and bought 100 more VXX Jun calls at 4.1. Current Trades: Sold the 100 VXX Jan calls at 1.26 -------- After Close Update: SPX 4,750 was resistance today. If SPX rises towards 4,750 again tomorrow, I'll buy VXX Feb calls. It's uncertain if it'll test the high above 4,800 again. SPY Mar puts are expensive with less leverage. And, VXX has had big recurrent spikes every two or three months recently. The last big spike was in mid-November to early-December rising from a little below 20 to a little above 30. A 10% SPX correction is very likely before mid-year. Of course, how high it goes before it corrects is uncertain (some say 5,000!).
My portfolio is about $555,000 including $368,900 in cash.
Calls Contracts-Shares Long
VXX Mar 18 2022 200
VXX Mar 20 2022 200
VXX Jun 20 2022 200
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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