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May 1st Trading Log (Updates):

Current Trades: Bought 200 QQQ Jun 670 puts at 17.2, bought 200 more QQQ 660 puts at 13.5, sold the 100 USO May puts at 5.2, bought 100 more QQQ 670 puts at 16.80, sold 100 USO Jun puts at 9.8, bought 100 more QQQ 670 puts at 16.4, bought 200 more QQQ 660 puts at 13, sold 100 USO Jun puts at 10.5, bought 200 more QQQ 660 puts at 12.52, sold 10,000 SQQQ shares at 50.00, bought 300 more QQQ 670 puts at 15.5, sold 10,000 SQQQ shares at 50.40, sold 200 QQQ 670 puts at 16.65, bought 300 more QQQ 670 puts at 16, bought 200 more QQQ 670 puts at 15.7, and bought 100 SMH May 500 puts at 10.7 -------- I plan to add more QQQ puts. Greater volatility and a pullback are likely in May. QQQ closed at about 668. It may pullback to the 20-day MA, currently 634.

My portfolio is about $12,235,000 including $123,500 in cash.

Calls Contracts-Shares Long

None

Puts Contracts-Shares Short

SQQQ 180,000 shares
QQQ Jun 660 2026 1,000
QQQ Jun 670 2026 1,000
SMH May 500 2026 100

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 go straight up month after month.