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Joined: 28 Dec 2005 Posts: 11966
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Posted: Fri Nov 02, 2018 12:19 pm Post subject: Next Week Trading (Nov 2nd) |
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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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