Sunday, November 23, 2008
Friday took a stab via Jan puts. Probably the correct play wouldve been Dec but I'm not a big fan of front end options.
Stoch cross nearing, parabolic move up showed a crack, MACD parabolic, signs of bond market easing.
Then if things look right within a week or two will jump back in with some longer term calls if we see this in the low 100's or lower.
On another note, the positions and holding times taken have been getting extremely short. I sometimes unload options positions within the same day if there is a large favorable move. Until the volume slows down, take your profits and run.
I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug. Mad conviction here.
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...