SEPT 08 2022 TRADES & THOUGHTS ON MARKET

THOUGHTS ON MARKET: 

A very volatile day, but rally continues despite negative news from England where rate was raised by 75 basis point. However rally seemed defensive in nature - where Healthcare and Financials outperformed. Powell reiterated similar comments and despite market ended Green displaying negative news is priced in. Market is also waiting on big inflation print next week. We are still not out of the woods, but there are glimpses of clear light and road ahead. We could be in for 20% up or down in next 3 months, so have to watch market very closely. 

TRADES: 

Bank of America: 

1. Averaged DIS SEP 118 Call. 

TD AMERITRADE: 

1. Bought TNK JAN 2023 30 call for 170$
2. Bought SPY DEC 450 Call for 205$
3. Sold IQ Jan 2024 5 calls and took the minor loss.

Stocks: 

1. Bought DB @ 8.60 (New Position)
2. Averaged ZIM @ 30.55 

e-TRADE: 

1. Sold BILI, DQ, IQ and WBD stocks.
2. Averaged FUTU, GSAT, XPEV, BZUN
3. Bought TNK, MTTR, RIVN (New Position)