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Joined: 28 Dec 2005 Posts: 11958
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Posted: Thu Jan 13, 2022 8:22 am Post subject: Jan 13th Trading Log (Updates) |
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Jan 13th Trading Log (Updates):
Morning Trades: Bought 100 VXX Feb 16 calls at 2.24, and bought 10 BABA Jun 125 calls at 22. Current Trades. Sold the 100 VXX Feb calls at 2.76, sold the 200 VXX Mar 20 calls at 2.61, sold 30 VXX 18 calls at 3.25, and sold 30 VXX Jun calls at 4.8 -------- The Fed Funds Rate will need to rise soon and at each meeting for a while to slow inflation. The Fed moving more aggressively initially, including reducing its balance sheet, may be the catalyst for a 10% correction or contribute to a bigger decline. I expect VXX to rise above 30 by mid-year, e.g. to sell Jun calls.
My portfolio is at $590,000 including $428,100 in cash.
Calls Contracts-Shares Long
VXX Mar 18 2022 170
VXX Jun 20 2022 170
BABA Jun 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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