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Joined: 28 Dec 2005 Posts: 11966
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Posted: Sat Sep 01, 2018 5:22 pm Post subject: Next Week Trading (Sep 1st) |
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Next Week Trading (Sep 1st)
AAPL’s parabolic rise suggests a correction. I think, it can fall at least 10 points in September. So, I plan to buy more puts, e.g. Oct 225 puts. Also, I expect QQQ to fall at least five to 10 points. Volatility should also increase, making it an easier trading market.
My portfolio is over $115,000 including $30,400 in cash.
Calls Contracts-Shares Long
GE Jan 14 2019 400
GE Jan 15 2019 400
PGNX Nov 8 2018 50
Puts Contracts-Shares Short
SPY Oct 290 2018 20
QQQ Oct 185 2018 100
AAPL Oct 220 2018 40
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $100,000. Stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses and preserve capital in "irrational" market periods. |
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