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Joined: 28 Dec 2005 Posts: 11987
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Posted: Sun Jan 15, 2023 9:11 am Post subject: Next Week Trading (Jan 15th) |
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Next Week Trading (Jan 15th):
Earnings season will pick up after next week, which may be bullish for the market. SPX may trade between roughly 3,900 and 4,025 next week. So, if the market opens high or rises Tuesday (Monday is a holiday), I'll buy more puts, and sell on market pullbacks. It may be best to stay in cash, until the market overreacts on upside or downside.
My portfolio is over $2,495,000 including $2,399,700 in cash.
Calls Contracts-Shares Long
None
Puts Contracts-Shares Short
SPY Apr 400 2023 40
SPY Apr 410 2023 20
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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