Joined: 28 Dec 2005
|Posted: Tue Mar 14, 2023 5:12 am Post subject: Mar 14th Trading Log (Recap & Wed Trading Plan)
|Mar 14th Trading Log (Updates):
Current Trades: Sold 10 SPY calls at 17.7, sold 10 SPY calls at 18.25, bought the 20 SPY calls back at 16.55, bought 20 more SPY calls at 15.75, and sold 20 SPY calls at 17.5 ------- I plan to continue buying SPY Apr calls on pullbacks and sell on bounces. SPX, although volatile, will likely rise to 4,000 soon. Also, BABA will likely eventually be 10, 20, or more points higher. If it falls instead, I'll buy more calls and shares.
My portfolio is about $2,655,000 including $2,265,200 in cash.
Calls Contracts-Shares Long
SPY Apr 380 2023 20
BABA Jul 85 2023 20
BABA 4,000 shares
Puts Contracts-Shares Short
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.