PeakTrader.com

[administrator]

May 12th Trading Log (Updates):

Current Trades: Sold the 1,000 QQQ 680 puts at 9.55, sold the 600 SMH 530 puts at 18.75, sold the 200 SMH 550 puts at 25.35, sold 2,000 QQQ 690 puts at 13, sold 500 QQQ 690 puts at 13.8, bought 10,000 TQQQ shares at 73.50, bought 10,000 TQQQ shares at 73.00, sold 100 QQQ 690 puts at 14.4, sold 100 QQQ 690 puts at 15, sold 100 QQQ 690 puts at 15.25, bought 10,000 TQQQ shares at 71.80, sold 10,000 TQQQ shares at 72.50, sold 10,000 TQQQ shares at 73.60, sold 10,000 SQQQ shares at 74.00, and bought 100 SPY Jul 740 puts at 19.07 -------- QQQ closed at 713. Support is at 700 and the (rising) 10 day MA at 683. I may bail out and wait for a break of support, which will likely lead to at least a 5% correction.

My portfolio is at $8,450,000 including $8,008,200 in cash.

Calls Contracts-Shares Long

None

Puts Contracts-Shares Short

SPY Jul 740 2026 100
QQQ Jun 690 2026 200

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.