Here’s How You Should Be Positioned – No Changes Today

Due to my family members staying home (potentially permanently) I have a truncated trade update today simply reviewing how I am positioned.

Per $75,000 TOTAL following Portfolio Builder, here is my capital breakdown.

#1. Per $75,000 total to invest, $30,000 is earmarked for Monday/Wed/Friday trade alerts, which would normally own the SPY ETF, but is currently in cash and slowly building a call option position in TLT/GLD.

I currently have one of the following call options open which are ALL still good to take today and cheaper than I originally purchased in model portfolio:

TLT ETF: Per $30,000 Open One Option Contract

  • Buy To Open 3/20/2020 $157 TLT Call
  • Buy To Open 3/27/2020 $157 TLT Call
  • Buy To Open 4/03/2020 $157 TLT Call
  • Buy To Open 4/17/2020 $163 TLT Call
  • Buy To Open 5/15/2020 $157 TLT Call
  • Buy To Open 6/19/2020 $160 TLT Call

GLD ETF: Per $30,000 Open One Option Contract

  • Buy To Open 4/9/2020 $158 GLD Call
  • Buy To Open 4/17/2020 $158 GLD Call

#2. Per $75,000,  I also have 40% of that capital ($30,000) for the US treasury market which I trade the long end of the market via the TLT ETF.

For every $75,000 in my model portfolio I own 200 shares of the TLT ETF.

The TLT ETF as of yesterday bought to open one Apr 17 2020 $145 TLT ETF put per 100 shares of TLT for downside protection covering us for the next 3 months.

I would still add that put today if I hadn’t done so yesterday. 

Now for every $100,000 total in my portfolio I also have the following speculative trade alert only given to Pro Members which is also still a buy:

Per $100K total in my entire portfolio I bought to open one Jan 15 2021 $170 TLT call option. 

#3. I’m also slowly adding to my Gold Miners position, and have 400 shares of GDX per 200 shares of TLT I own.

So for every $75,000 in my total portfolio I own 400 shares of GDX.

Those 400 shares of GDX are protected because I bought to open one May 15 2020 $23 GDX put per 100 shares of GDX in my portfolio.

If I were entering the position today I would buy the same expiration however I’d lower the put to be the $21 strike, which is the closest in the money strike as it’s currently trading at $20.80.

#4. Finally, a little plug for our Bootcamp program which issued a trade alert to invest 1% of your total capital into a long-term QQQ put option that’s now up ~500%.

The trade alert was issued March 3rd to buy to open the $150 Dec 31 2020 QQQ put starting at a value of $2.95 is currently worth $17.50 or enough to offset all of the drawdown we’re currently experiencing in the TLT.

I will have all of our track records updated for tomorrow’s trade alert but today I wanted to ensure we all have the correct positioning. 

PORTFOLIO BUILDER

PORTFOLIO BUILDER

If you need help getting our trade alerts or have any other questions please contact us anytime at support@portfoliobuilder.io

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