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Next Week Trading (Apr 22nd)

 
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PostPosted: Fri Apr 22, 2022 5:56 pm    Post subject: Next Week Trading (Apr 22nd) Reply with quote

Next Week Trading (Apr 22nd):

SPX closed the week at 4,272. Sentiment remains very bearish, which is bullish, the daily NYMO is at negative 46, and the Fear & Greed Index is at 40 (fear). Although, SPX may fall to 4,200 or lower, e.g. 4,000, short term, it may do so quickly and then snapback strongly. So, I'll continue to buy SPY calls on pullbacks. BABA is very undervalued and may rise to at least 100. So, I'll buy calls on pullbacks. And, TLT may rise at least four points to 124, and will buy more calls on pullbacks.

My portfolio is over $1,125,000 including $990,000 in cash.

Calls Contracts-Shares Long

SPY Jun 430 2022 40
BABA Jun 100 2022 100
BABA Jan 100 2023 20
TLT Jan 120 2023 20

Puts Contracts-Shares Short

None

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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