As we’ve been mentioning in the Twitter stream? The NVDA trade has had so many adjustments? At this point I’m just trying to keep the loss as small as possible. We still have an 1120 Call spread … that’s bleeding off at the moment for a total profit on that particular spread.
In other news? I’m placing some trades at the moment, and leaning towards the QQQ’s specifically.
As I said earlier in the day? No one knows what the future shall bring? And if I have to cut these trades, in order to minimize downside? I’ll do so. The only thing I can do … is find spots where I think I can keep my risk quite small. Which is what I think I can do now. If I’m wrong? I’ll cut these trades, and cut them quickly. If I’m not wrong? I’ll let it run.
So … for the GTC Portfolio, this means …
Buying 9 SPY at 517.61
Buying 28 QQQ at 440.86
Buying 107 TLT at 92.94
Buying 276 SHY at 81.65
Buying 12 MORE QQQ (so slightly leaning towards the QQQ’s), at $440.29
Then, we sold some premium, by selling a call on TLT; by selling 1 April 29 2024 97 Call at 0.21; which makes the TLT position a covered call.
And as earlier stated? I was waiting for FOMC, to get the note out. So that should be out in the next day or so …
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