Samwise Quick Reference Handbook
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That’s very similar to what I suggested last week. Of course I like it !
https://sam-weiss.com/rally-day-45-the-frustrating-slow-grind-continues/#comment-4394
Good call on that. Very similar set-up. Though here we’d limit it to 10-12% and probably stick to $500-$510 call-spread. Not sure we’ll go out to September too. I’d rather stick with end of August.
But that will largely depend on where the QQQ end up.
Are we still interested in the June 2026 500 puts?
So this would be a substitute for that. it would essentially take place of our hedge. If we buy the June 2026 $500′, we will no longer buy teh August spread.
The plan is to buy the put-spread, close it out during correction and then use some of the gains to transition into the June $500 puts. We just gain a lot more on the august spread.
Also, our ultimate position will be determined by where and when the QQQ is when it arrives at its highs.
We could end up anywhere from the August 15 spread up to the September 19 spread.
I know that we want to buy the $510-$500 call-spread regardless of price. So if it drops to $1.00, so be it. We’ll buy at $1.00. That’s bewuase I’m fairly confident the QQQ tests $500 in the next correction where that peak might be.
Hey Sam,
I know it’s not my business but I just wondered something.
As the number of portfolios grow, wouldn’t it make sense to merge portfolios at opportune times? like if a portfolio is up to be rolled to keep the 2 year time horizon, to just merge it with an existing portfolio or relaunch it instead of a new portfolio? I just thought it might become pretty crazy if you have to rebalance, hedge, put on trades and sell premium for more and more portfolios. Both for you to keep track of and for us to sort through?
So I discussed this a few days back. We will look to consolidate some in the future by simply tracking performance rather than positions.
So for example, during a correction, we might indicate where we’d buy IF Arryn were in cash and then track performance from those entries as a derivative portfolio. The portfolio’s would largely own the same sorts of positions.
We have to give it some thought on how to accomplish it.
Ah ok, I must have missed that!:)