PeakTrader.com

[administrator]

May 4th Trading Log (Updates):

Current Trades: Sold 10,000 SQQQ shares at 50.30, bought 100 more SMH puts at 9.53, bought 300 more QQQ 670 puts at 15, sold the 200 SMH puts at 11.20, sold 300 QQQ 670 puts at 15.8, sold 300 QQQ 660 puts at 13.8, bought 100 USO Jun 140 puts at 11.65, sold 20,000 SQQQ shares at 50.80, sold 200 QQQ 660 puts at 14.1, sold 300 QQQ 660 puts at 14.8, bought back 20,000 SQQQ shares at 50.45, and bought back 200 QQQ 660 puts at 13.15 -------- QQQ RSI is about 75. So, volatility or a pullback is likely. I may sell some SQQQ and buy more QQQ and SMH puts.

My portfolio is about $12,460,000 including $1,545,400 in cash.

Calls Contracts-Shares Long

None

Puts Contracts-Shares Short

SQQQ 170,000 shares
QQQ Jun 660 2026 400
QQQ Jun 670 2026 1,000
USO Jun 140 2026 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 go straight up month after month.