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Aug 12th Trading Log (Recap & Next Week Trading):

 
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PostPosted: Fri Aug 12, 2022 5:28 am    Post subject: Aug 12th Trading Log (Recap & Next Week Trading): Reply with quote

Aug 12th Trading Log (Updates):

Current Trades: Bought 10 more BABA calls at 10.15, bought 20 more AAPL 170 puts at 7.3, bought 30 more AAPL 170 puts at 6.8, bought 20 more SPY 410 puts at 9.25, bought 20 SPY Sep 430 puts at 12.15, bought 30 more AAPL 170 puts at 6.4, and bought 20 more SPY Sep puts at 11.15 --------- SPX closed the week at 4,280 and AAPL closed above 172. The market seems to believe inflation will be falling significantly going forward, and perhaps oil prices, because valuations aren't justified with the CPI above 8%. However, given SPY and AAPL are overbought, a pullback or trading range is likely. So, I plan to continue buying puts. It may be a good idea to bailout on pullbacks and into a neutral position because the uptrend may continue above 4,300 and 4,360 resistance levels.

My portfolio is about $1,760,000 including $1,460,500 in cash.

Calls Contracts-Shares Long

BABA Jan 100 2023 40

Puts Contracts-Shares Short

SPY Sep 430 2022 40
SPY Oct 410 2022 50
SPY Oct 420 2022 50
AAPL Oct 165 2022 100
AAPL Oct 170 2022 100

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 can go straight up month after month.
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