Thursday, June 28, 2012

Trapped between 131-133 in SPY

VIX printed black exhaustion candle and big early morning drop was mostly recovered. So still with slight bias to upside. With expectations very low for euro resolution, any news could push things up a lot. Now trapped in narrow range and a close out of the zone will probably indicate much more strength in that direction.

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May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...