Here is the latest update of my equity portfolio.
The trade for Monday is to buy 500 shares of SPY at market in order to capture the next uptrend. I am trying to allocate at least 40% of my portfolio long today.
If the marget gaps up on Monday, I will have stops below Friday's lows.
If the market gaps down on Monday, I will be going long with stops at 1029.
On Monday, I will have the following limit orders if the market gaps down.
1000 BAC @ 15.35
1000 DOW @ 27.36
1000 MRK @ 36.20
1000 Short FAZ @ Market
10000 SSS.V @ MARKET
1% of my portfolio with SPY puts
On Monday, I will have the following MARKET ORDERS if the market gaps UPS.
1000 BAC @ MARKET
1000 DOW @ MARKET
1000 MRK @ MARKET
1000 BAC @ MARKET
1000 DOW @ MARKET
1000 MRK @ MARKET
1000 Short FAZ @ Market
10000 SSS.V @ MARKET
SPY CALLS (2% of portfolio)
1% of my portfolio with 103 SPY puts
On Tuesday I will be allocating 5% of my portfolio to 113 SPY calls, 35% long equity, and another 3% with short hedges with 103 SPY puts
On Wednesday, as long as the market is above the intraday low put on November27th, I will allocate another 5-8% of my portfolio to 113 SPY calls.
