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Next Week Trading (Nov 5th)

 
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PostPosted: Fri Nov 05, 2021 5:26 pm    Post subject: Next Week Trading (Nov 5th) Reply with quote

Next Week Trading (Nov 5th):

Given the big market run-up over the past three weeks or so and the extreme overbought status, I'm expecting a pullback next week. SPY may fall about 10 points to around 460. If the market opens high Monday, I'll by Nov 12 puts on SPY QQQ MSFT and TSLA, and perhaps VXX calls. On pullbacks, I'll buy Jan calls on SLB PDD and BIDU, and perhaps SPY.

My portfolio is over $255,000 including $99,700 in cash.

Calls Contracts-Shares Long

VXX Nov 21 200 weekly 12th
VXX Nov 22 2021 200

Puts Contracts-Shares Short

SPY Nov 470 20 weekly 12th
SPY Nov 460 2021 40
SPY Dec 470 2021 20
QQQ Nov 380 2021 40
QQQ Nov 385 20 weekly 29th
QQQ Nov 400 20 weekly 29th
QQQ Dec 390 2021 40
MSFT Dec 340 2021 20
TSLA Nov 1,200 2 weekly 12th
TSLA Nov 1,250 1 weekly 12th

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 can go straight up month after month.
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