PeakTrader.com

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Apr 15th Trading Log (Updates):

Current Trades: Bought 20,000 SQQQ shares at 61.90, bought 20,000 SQQQ shares at 61.60, bought 20,000 SQQQ shares at 61.30, bought 100 QQQ May 630 puts at 11.96, bought 100 SPY May 700 puts at 12, bought 200 more QQQ puts at 11.65, sold 200 QQQ puts at 12.65, sold the 100 SPY puts at 13, bought back 100 SPY puts at 12, bought back 100 QQQ puts at 11.75, bought 100 more SPY puts at 11.7, bought back 100 QQQ puts at 11.5, bought 100 more SPY puts at 11.35, and bought 100 more QQQ puts at 11.1 -------- QQQ is short term overbought with a five day RSI over 90. A topping process is likely and after earning season in April, a significant correction is likely.

My portfolio is about $13,030,000 including $356,200 in cash.

Calls Contracts-Shares Long

None

Puts Contracts-Shares Short

SQQQ 200,000 shares
QQQ May 630 2026 400
SPY May 700 2026 300

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.