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Joined: 28 Dec 2005 Posts: 11979
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Posted: Tue Aug 09, 2022 5:28 am Post subject: Aug 9th Trading Log (Updates) |
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Aug 9th Trading Log (Updates):
Current Trades: Sold 10 SPY puts at 15 --------- It's possible the January to June sell-off coincided with two quarters of negative growth and we're in a bull market, since SPX hit the 200 week EMA in mid-June, although inflation doesn't justify the SPX level, unless it peaked and falls sharply. So, it may be more difficult to make gains going forward. I've been on a winning streak with portfolio up almost 300% this year, but this portfolio, since 2018, has been very volatile, including with periods of big losses.
My portfolio is about $1,800,000 including $1,439,600 in cash.
Calls Contracts-Shares Long
SLB 4,000 shares
BABA 1,000 shares
BABA Jan 100 2023 40
Puts Contracts-Shares Short
SPY Oct 410 2022 30
AAPL Oct 160 2022 20
AAPL Oct 165 2022 40
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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