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Next Week Trading (Nov 2nd)

 
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PostPosted: Fri Nov 02, 2018 12:19 pm    Post subject: Next Week Trading (Nov 2nd) Reply with quote

Next Week Trading (Nov 2nd):

The GE calls closed well above the lows. Volume was over three times normal. I agree with an analyst the GE range is 8 to 17 (at the most) and there’s more upside than downside potential. And, I expect more volatility. So, I’ll continue to trade GE Jan 2019 calls. If the market was a weighing instead of a voting machine, GE would be much higher. And, if there’s a bigger drop, I’ll start buying SPY 2019 calls, and perhaps QQQ calls.

My portfolio is at $385,000 including $272,500 in cash.

Calls Contracts-Shares Long

GE Jan 10 2019 400
GE Jan 11 2019 2,000
GE Jan 12 2019 2,000

Puts Contracts-Shares Short

None

Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $200,000. 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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