SPY SPECULATION May 1, 2020



----

Update: I have skin in the game. I bought QQQ MAY 22' 215 PUT, I will cut my losses this week if necessary.



----


On Monday's SPY Speculation, I posted that I expect SPY not to be able to hold above 285.




As I write, the DOW is set to be down over 400 points, Amazon is warning investors to "take a seat" on Q2 profits. If you are long SPY you may have to be nimble as the return of extreme volatility may be the theme for the month of May.



Side note, if you are new to trading, VIX above 25 is significant, to have VIX  approaching 40 should serve as the bright flashing yellow lights to proceed with caution.









Comments

  1. I sold QQQ MAY 22' 215 PUT for +$42 of profit, the position did not move fast enough in my favor to make it worthwhile holding on to. Overly cautious not to take a loss, maybe?

    ReplyDelete

Post a Comment


Active Portfolio Management



Evaluating Investment Performance


To assess how well your investments are doing, you'll need to consider several different ways of measuring performance. The measures you choose will depend on the information you're looking for and the types of investments you own. Learn more.



Asset Allocation


Asset allocation is a useful tool to manage systematic risk because different categories of investments respond to changing economic and political conditions in different ways. Learn more.



Diversifying Your Portfolio


When you diversify, you aim to manage your risk by spreading out your investments. You can diversify both within and among different asset classes. Learn more.



Rebalancing Your Portfolio


As market performance alters the values of your asset classes, you may find that your asset allocation no longer provides the balance of growth and return that you want. In that case, you may want to consider rebalancing your portfolio. Learn more.




Source: FINRA.org