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Next Week Trading (Jun 11th)

 
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PostPosted: Sat Jun 11, 2022 4:50 pm    Post subject: Next Week Trading (Jun 11th) Reply with quote

Next Week Trading (Jun 11th):

SPX didn't fall below 3,900, although it tested it four times Friday, and closed at 3,900. However, next week is a monthly options expiration week, which tends to be volatile. So, it may test the yearly low at 3,810. Also, the daily NYMO is at negative 40. It's possible SPX can close the large gap around 4,025 next week. Perhaps, a 3,810 to 4,025 trading range next week? Anyway, if SPX opens low or falls, I'll buy SPY Jul calls first and if it falls lower, I'll buy SPY Jun calls. I may add more ARKK and TLT shares on pullbacks. I expect a better trading market next week.

My portfolio is over $1,540,000 including $1,322,000 in cash.

Calls Contracts-Shares Long

SPY Jul 390 2022 20
TLT 1,000 shares
ARKK 2,000 shares

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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