Monday, September 17, 2012

USO down almost 3%

We got the start of our pullback. Commodities pulled back and a solid drop in USO on big volume. Made the incorrect decision not to take partial profits on GLD calls which cost me a bit today. Otherwise the pullback across indexes was minor and on low volume. A low volume consolidation for a few days would be bullish

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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...