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
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
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...