PeakTrader.com

[administrator]

May 2nd Trading Log (Updates):

Morning Trades: Bought 30 more SPY calls at 11 and sold at 13, and sold 10 BABA calls at 10. Current Trades: Bought back the 30 SPY calls at 11, sold 2,000 DNA shares at 3.10, sold the 1,000 ARKK shares at 49.00, bought 10 SPY Jun 410 calls at 15.75, bought 10 more SPY 410 calls at 15, bought 20 more SPY 420 calls at 9.5, sold 20 SPY 420 calls at 11, sold the 20 SPY 410 calls at 17.5, and sold 30 SPY 420 calls at 12.2 ----------- If SPX falls to 4,000, it should snap back strongly. I still have only enough time in mornings to set and reset two or three limit orders.

My portfolio is at $1,235,000 including $1,126,800 in cash.

Calls Contracts-Shares Long

SPY Jun 420 2022 70
BABA Jun 100 2022 10
DNA 4,000 shares

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.