PeakTrader.com

[administrator]

Feb 22nd Trading Log (Updates):

Current Trades: Bought 20 more SPY Mar calls at 7.75, bought 20 SPY Feb 24 395 calls at 5.2, bought 20 more SPY 395 calls at 4.9, bought 30 more SPY Mar calls at 7.5, sold 30 SPY Feb 400 calls at 2.6, sold 20 SPY Feb 400 calls at 3, sold 20 SPY 395 calls at 6.5, sold 20 SPY Feb 400 calls at 3.25, sold 20 SPY 395 calls at 7 (delayed limit), bought 20 more SPY Mar calls at 7.5, and bought 30 more SPY Mar calls at 7 --------- SPX traded between 3,976 and 4,018, closing at 3,991. The daily NYMO, along with major SPX MAs, suggest we're near a bottom and there will either be a rally, e.g. to at least SPX 4,200, or a trading range, e.g. 3,950 to 4,100. NVDA is up substantially on earnings after close and BABA reports earnings before open tomorrow. I'll continue to buy SPY calls on dips and sell some on bounces.

My portfolio is at $2,540,000 including $1,814,800 in cash.

Calls Contracts-Shares Long

SPY Mar 400 2023 150
BABA 3,000 shares
GOOG 3,000 shares
DNA 30,000 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.