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Joined: 28 Dec 2005 Posts: 11966
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Posted: Mon Oct 29, 2018 1:01 pm Post subject: Oct 29th Trading Log (Tue Trading Plan) |
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Oct 29th Trading Log (Tue Trading Plan):
GE reports earnings tomorrow morning. Option traders expect a 10% move. Puts outnumber calls by a large margin. A 10% drop would be an excellent buying opportunity. The market may build a base and then rally. So, I’ll trade mostly SPY calls, although I may include QQQ DIA and IWM.
My portfolio is over $380,000 including $254,900 in cash.
Calls Contracts-Shares Long
SPY Jan 265 2019 40
SPY Jan 270 2019 20
QQQ Dec 165 2018 50
GE Jan 12 2019 200
GE Mar 13 2019 800
Puts Contracts-Shares Short
None
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $200,000. 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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