Saturday, July 21, 2018

July 21 - Still massively long banks, took short term longs in NVDA, BABA, HAL, OAS

Probably 2/3 of the options account is in banks.  Maybe 1/2 regionals and 1/2 XLF, C, BAC. 
Expecting another run up in equities into August and I may start trimming off short term positions apart from Dec bank calls.

The Cecil Fielder account is getting close to being up 100% for the year.  If the banks make that move I was expecting, it will get there very quickly.

I really like the potential for a move up in NVDA, BABA in the next 2 weeks.  I also put on HAL and OAS as bounce plays.

30's in XLF here we come

Thursday, July 12, 2018

July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level.
SPY on the other hand is crushing.   Looks like it could retest ATH soon.  I reloaded July/ Aug call yesterday on the dip.  Earnings tomorrow.

Sunday, July 8, 2018

Saturday, July 7, 2018

July 7 - Added Dec longs in financials

Shifted out for more time on calls to a predominantly Aug/ Dec $XLF, $BAC, $C, $STT, and $JPM position.

scratched $WDAY
probably will see $MARK july calls turn into dust
booked a 250% win in $FB call this week and sitting on this week's $NFLX calls entered in on Tues.
sold $HAL on the spike for 80%.  I like the chart but am a little weary about how OIH and some other names are not following the move up in oil.

The weekly chart on XLF is a thing of beauty.  30s are coing

C looks great too

XLF coiling up on the daily for a move up.  I suspect within 1 wk.

Saturday, June 23, 2018

Jun 23 - Still long financials and added $HAL aug calls and $WDAY July calls Thurs, $MARK July calls Weds

I repositioned the bank calls to tilt more towards August and sold off completely the late Jun/ early July calls.  Most were scratches but managed to cash out the $C calls for +100%.  It's taking longer than I thought but the indexes are setting up to bounce soon.  I don't know if there will be another flush but we are close.

Current positions
$BAC July 30 calls .5
$C July 67.5  1.1
$C Aug 70 .84
$HAL Aug 45 2.18
$JPM July 110 1.43
$JPM Aug 110 2.24
$MARK  July 5 .52
$WDAY July 124 4.15
$XLF Aug 28 .44
$unnamed biotech (don't want to jinx it) July calls

I like $DIA the most here and $QQQ the least here.

Tuesday, June 19, 2018

Tuesday, June 12, 2018

Jun 12 - Sold $GOOG, $AMZN, $MARK, $IGT calls expiring this week, added July $GPS, $AAPL puts and $GLD calls

Lightening up today and yesterday a lot and have some of the holdings as puts.

$FDX getting closer to retesting highs.

$SPY close to 280 which would complete its CD extension.  I am also anticipating a sell the news reaction at FOMC and some settling going into OPEX day.  I added 278/279 put spreads for .6 today

Bought July $AAPL puts.  It is very close to seeing a pullback which is common after hanging out at the upper trendline too long

Beautiful action in $MARK.  Sold Jun calls for a triple and holding July 5 calls

Also bought $AMZN put spreads expiring Friday today for 1.25 for the 1695/ 1697.5 spreads.  I will double my money if we get a close below the orange line at EOD Friday.

Interesting short play on $GPS.  I mainly took early July puts and took a small speculative batch of OTM puts expiring this week.

Sunday, June 10, 2018

Jun 10 - More bullishness but when is the pause/ pullback coming? Currently long C, BAC, DAL, JBLU, MARK, IGT, PYBI, FDX

I botched my financials short trade and didn't close them the day after when I was up 70% and ended up taking a 50% hit the next day.  Financials 'may' be ready to break up and out from the triangle but not sure so I only have longer term positions here.  If we do revisit the lower end, I will be very aggressive in going long.

Added new positions Thurs/ Fri in FDX, JBLU, DAL, C, BAC, and some speculative calls for this week in GOOG and AMZN and AAOI.  Unless the GOOG/ AMZN calls start moving on Monday, I may let them go as there might be OPEX pinning.

This needs to start moving pronto.  If the week looks like it will flop around, I will let these go but it's possible there's another move up lurking.

GOOG has a very similar set up to a previous move up.  Move 1 was a sharp one down, move 2 was more of chop and the move 3 was basically a low volume few day pause before ramping up.  For this to work, Monday/ Tues should show this very clearly or it could be more chop or a move down

FDX basically guaranteed to retest highs
 DAL looks great and ready to break up and out
 C is one of the financials that hasn't blasted off yet.  I have a big position here.

 Airlines due for another bounce.  JBLU below and in July calls which I will unload on a spike

Saturday, June 2, 2018

Jun 2 - Waiting for pullback in financials $BAC, $C, $JPM

I raised a lot of cash and sold off a bunch of stuff Friday including $goog calls +200-300% and $C, $BAC, $JPM calls bought on Thurs which were sold for about +75%.

I still have some $HD Jun28 calls and still sitting on $MARK and $UCTT July calls.

Looking for weakness to buy short dated financials expiring in Jun8 or Jun 15.  Also looking at $BA and more $HD.

$UCTT looks good and ready to break out soon.  My calls have plenty of time

$MARK taking a while to cook but also have until July for this to move
 $MARK 2 hr chart is a thing of beauty.

Looking forward weakness in financials to buy weakness via short dated calls
 $JPM, $C, $BAC

Would wait for $NYA and other indexes to show positive divergence before getting aggressively long
 $BA a nice setup if it pulls back a little

Jan 20 - Equities caution signal, short SPY, NFLX

Call buying has come back and very good chance of a pullback here