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Nov 7th Trading Log (Updates):

Current Trades: Sold the 10,000 SQQQ shares at 32.70, bought 100 QQQ Mar 505 puts at 18, bought 100 more QQQ Dec puts at 9, sold 10,000 TLT shares at 91.00, bought 100 more QQQ Mar puts at 17.7, bought 100 more QQQ Mar puts at 17, bought 100 more QQQ Dec puts at 8.1, bought 100 QQQ Mar 510 at 18.4, and bought 100 more QQQ 510 puts at 17.9 -------- Premarket: SQQQ had a 1:5 reverse split. The Buffet Indicator is over two standard errors above mean. So, stock market is extremely overvalued. However, we may have a blow off top by January and then a huge correction. I may sell the SQQQ shares and buy QQQ Mar or later puts. QQQ up over 20 points in two days so far!

My portfolio is about $5,000,000 including $192,100 in cash.

Calls Contracts-Shares Long

TLT 40,000 shares

Puts Contracts-Shares Short

QQQ Dec 505 2024 400
QQQ Mar 505 2025 300
QQQ Mar 510 2025 200

APA dividend of $2,500 payable November 22nd. 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 go straight up month after month.