Friday, December 9, 2016

Dec 9 - Added to GLD longs

Added Jan 5 GLD 115 calls at .5.  A bit too early probably but will need two things to happen

1.  volatility and volume to NOT increase from today
2.  a positive reaction or lack thereof at Fed announcement

Thursday, December 8, 2016

Dec 8 - Booking partial gains

Sold 1/2 Jan ITM XOP, COP, IWM calls from pre-election for 60+%.  Sold 1/3 VXX Jan/ Mar DITM puts which are up almost as much and will slowly scale out of them in upcoming week.s  I had sold off the OTM Jan puts last week.

The Mar VXX puts which I had touted as the trade of the year is crushing it.   Post is here.

I bought  Mar VXX 55 puts @ 21.75 and now they are at 29.5

Bought some GLD 114 Dec 30 calls @ .44 as volatility is diminishing and I could easily see a bounce to 117-119

Monday, November 28, 2016

Nov 28 - Slight pullback/ short term very overbought but trend is still up

Haven't changed positions in 2 weeks and letting the market do its work.  A mild sell off is potentially around the corner but am holding for now.

Still see more upside here to the 230's.

Also have the target of low 20's for VXX

You can see how the intense hedging activity pre election provided fuel for this rally

Tuesday, November 15, 2016

Nov 15 - Sector rotation as equities continue up

SPY moving up on weak volume.  Let's see if it holds.  Still holding longs, major position is a big batch of Mar ITM VXX puts.  Tech staged a big bounce today and energy also.  We might be looking at musical chairs until the end of the year.

Still have target of low 20's in VXX within 2 mo

Monday, November 14, 2016

Nov 14 - Equities consolidate

Other than tech, blue chips are consolidating for another rip up.  Will try and post more thoughts later today.