PeakTrader.com

[administrator]

Aug 4th Trading Log (Updates):

Current Trades: Sold the 30 BABA Aug calls at 14, bought 2,000 more SLB shares at 35.00, bought 10 more BABA Jan calls at 14, bought 1,000 more SLB shares at 34.50, bought 20 more AAPL 170 puts at 7.35, sold 20 AAPL Sep puts at 8.35, sold 20 AAPL Sep puts at 8.75, and bought 1,000 more SLB shares at 34.00 ---------- My guess is AAPL will rise into the low 170s, if SPX rises to between 4,200 and 4,300, falls to the low 160s before rising again, or is close to a top. The jobs report is tomorrow morning. If at least 250,000 jobs created in July, that may be bullish for stock market. SPX resistance is about 4,180 and about 4,230, after closing today at 4,152.

My portfolio is at $1,795,000 including $1,335,700 in cash.

Calls Contracts-Shares Long

SLB 6,000 shares
BABA 1,000 shares
BABA Jan 100 2023 20

Puts Contracts-Shares Short

SPY Sep 410 2022 20
SPY Oct 410 2022 40
AAPL Sep 170 2022 20
AAPL Oct 160 2022 40
AAPL Oct 165 2022 20

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.