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Joined: 28 Dec 2005 Posts: 11966
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Posted: Thu Apr 13, 2023 6:10 am Post subject: Apr 13th Trading Log (Updates) |
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Apr 13th Trading Log (Updates):
Current Trades: Sold 50 QQQ calls at 8.4, sold 20 QQQ calls at 9, bought 2,000 BAC shares at 28.50, bought 10 QQQ Oct 330 puts at 23.05, and sold 500 BABA shares at 96.20 --------- QQQ may top around 330 within a few weeks, but there also will be volatility and perhaps a retest of last year's low, around 260, on a recession. So, it may be best to start buying puts.
My portfolio is about $2,810,000 including $2,632,800 in cash.
Calls Contracts-Shares Long
BAC 2,000 shares
BABA 1,000 shares
Puts Contracts-Shares Short
QQQ Oct 330 2023 10
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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