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Sep 21st Trading Log (Updates):

Current Trades: Bought 1,000 more ARKK shares at 41.40, bought 20 more BABA calls at 8.2, bought 30 more BABA calls at 7.5, bought 10 SPY Nov 380 calls at 17, sold the 10 SPY calls at 21.5, sold the 2,000 ARKK shares at 42.52, bought back the 2,000 ARKK shares at 42.00, bought back the 10 SPY calls at 18, bought 10 more SPY calls at 17, bought 2,000 more ARKK shares at 41.00, bought 10 more SPY calls at 16, and bought 10 more SPY calls at 15 -------- After so much negative news, BABA will likely be much higher by end of year with big swings, including 20 point up moves. The daily NYMO closed at negative 73. It has the potential to fall substantially lower, although not normally the case. If SPX falls to the rising 200 week EMA again, currently 3,685, within a week or two, a huge bounce is likely. SPX closed at 3,790 today. However, there likely will be volatility with 3,900 resistance. I plan to focus on the four positions below.

My portfolio is over $1,945,000 including $1,597,500 in cash.

Calls Contracts-Shares Long

SPY Nov 380 2022 40
HAL 2,000 shares
ARKK 4,000 shares
BABA Jan 90 2023 100

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.