PeakTrader.com

[administrator]

Next Week Trading (Apr 30th):

SPX closed the week at 4,169 and QQQ about 323. On Wednesday, May 3rd, the Fed will likely hike a quarter point. And, AAPL is scheduled to report earnings Thursday (AAPL is up 35% this year and 11 points below its all time high). SPX resistance around 4,200 is likely and volatility is likely too, perhaps a 4,100 to 4,200 SPX trading range. So, I plan to buy SPY QQQ and MSFT puts, if those stocks rise Monday. QQQ may rise to around 330 before a substantial pullback. I'll also sell the DNA shares.

My portfolio is over $2,770,000 including $2,010,200 in cash.

Calls Contracts-Shares Long

TLT 1,000 shares
BABA 6,000 shares
DNA 40,000 shares

Puts Contracts-Shares Short

SPY Sep 420 2023 10
MSFT Aug 300 2023 20
MSFT Sep 300 2023 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.