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[administrator]

Next Week Trading (May 5th):

SPX rose 75 points to close at 4,136. SPX will likely rise towards 4,200 next week. Then, it will either break out on a short covering rally or pull back sharply, e.g. 200 points. Also, there likely will be greater volatility. I plan to buy more AAPL and MSFT puts, when those stocks rise, because they will likely pullback sharply before the puts expire or become more volatile to trade after both rising around 40% this year. I'll also buy more NVDA puts, and perhaps buy SPY and QQQ puts. BABA is an uncertainty, but will eventually rise much higher. Portfolio stop loss set below.

My portfolio is at $2,795,000 including $2,108,700 in cash.

Calls Contracts-Shares Long

BABA 5,000 shares

Puts Contracts-Shares Short

NVDA Jul 300 2023 10
AAPL Jul 175 2023 100
AAPL Aug 175 2023 20
MSFT Jul 310 2023 70
MSFT Sep 310 2023 40

Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss at $2,500,000. 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.