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May 14th Trading Log (Updates):

Current Trades: Bought 200 more QQQ 520 puts at 5, sold 200 QQQ 520 puts at 6, sold the 200 QQQ 510 puts at 1.9, bought 20,000 SQQQ shares at 23.80, bought back 200 QQQ 520 puts at 4.6, bought 10,000 TMF shares at 36.20, bought 200 more QQQ 520 puts at 4.1, sold 400 QQQ 520 puts at 4.75, sold the 300 QQQ 515 puts at 3.2, and bought back 200 QQQ 520 puts at 4.2 -------- Yesterday, I was wrong about direction and there wasn't enough volatility to trade. It may be a better trading day today, to recover some of yesterday's losses.

My portfolio is about $6,920,000 including $648,900 in cash.

Calls Contracts-Shares Long

TMF 50,000 shares
TLT Jan 90 2026 4,000

Puts Contracts-Shares Short

QQQ May 520 1,200 16th
SQQQ 70,000 shares
SPXS 200,000 shares

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.