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Next Week Trading (Jul 14th)

 
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PostPosted: Sat Jul 14, 2018 5:41 am    Post subject: Next Week Trading (Jul 14th) Reply with quote

Next Week Trading (Jul 14th)

Next week is a monthly options expiration week, which tend to be volatile. If the market opens high or rises, I’ll buy SPY and QQQ Jul puts. I plan to take advantage of volatility to scale back on the SPY and QQQ Aug puts. TLT with the 10 year bond yield slightly more than 2.8% should fall towards 120. If GE becomes volatile, I’ll buy Jul calls and sell Jan calls before earnings Friday. Perhaps, all the negative news is priced-in, although there are two totally different views on GE, i.e. it’ll start to rise or continue the downtrend.

My portfolio is about $150,000 including $80,000 in cash.

Calls Contracts-Shares Long

GE Jul 13.5 2018 100
GE Jan 15 2019 500
PGNX Aug 8 2018 20


Puts Contracts-Shares Short

SPY Aug 275 2018 60
QQQ Aug 175 2018 60
TLT Aug 123 2018 20

Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss at $50,000. Stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses and preserve capital in "irrational" market periods.
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