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Joined: 28 Dec 2005 Posts: 11986
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Posted: Tue Sep 13, 2022 5:20 am Post subject: Sep 13th Trading Log (Updates) |
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Sep 13th Trading Log (Updates):
Current Trades: Sold the 20 SPY puts at 16.1, bought 10 more BABA calls at 12.5, and bought 10 more BABA calls at 11.5 -------- I doubt the Fed will achieve a soft landing. So, it may be best to stay heavy in cash for a while. I plan to buy more BABA calls on pullbacks, which may be most undervalued. Bonds do well in a recession. So, I'll be looking to buy BSV and TLT stock on further pullbacks.
My portfolio is about $1,960,000 including $1,924,900 in cash.
Calls Contracts-Shares Long
BABA Jan 90 2023 30
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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