PeakTrader.com

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May 11th Trading Log (Updates):

Current Trades: Sold the 800 QQQ May puts at 7.2, sold the 1,000 QQQ 670 puts at 7.2, bought 200 SMH Jun 550 puts at 21.62, and sold the 600 SMH 525 puts at 15.2 -------- I may bail out of all my puts and wait for a better opportunity. This week is a monthly options expiration week, which tends to be bullish and volatile.

My portfolio is about $7,625,000 including $1,860,500 in cash.

Calls Contracts-Shares Long

None

Puts Contracts-Shares Short

QQQ Jun 680 2026 1,000
QQQ Jun 690 2026 3,000
SMH Jun 530 2026 600
SMH Jun 550 2026 200

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.