Trade Findings and Adjustments 05-29-2020

by admin May 29, 2020

written by admin May 29, 2020 0 comments

Trade Findings and Adjustments 05-29-2020

What is the new narrative today?

Last day of the month for funds to take profits on stock, rebalancing = profit taking

On the first day of a new month money flows into funds, profits clear up money for new purchases

Trump to talk, maybe enforce new tariffs on China because of Hong Kong

Leap BAC Long Call playing the run from June to July

Possibly taking a profit

And Making sure I have around 8-10 contracts for the August to January Run up of 30-35%

BAC Leap call options