Tuesday, August 21, 2012

Potential Short SPY

Went short midday after seeing sizeable vol spikes on down moves. Stochs are maxed out on daily as they have been for some time. VIX finally made sizeable move in some time. Of notice was vol spike in QQQ. Could be start of breather for few days. Looking for 138 139 in SPY and will reassess if and when it gets there

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Feb 27 - $shak primed for a big move

Still holding $RIG Mar2 and Mar16 calls which are up 100-200%.  $shak settling nicely and I have plenty of time with Jun 45 calls