Friday, June 7, 2013
Entered into SPY 152 Jun 22 calls at 10.02 basis and SPY Jun 154 calls at 6.2 basis. Was fairly underwater yesterday about 10% before the afternoon rally. We are oversold and unless the jobs number is extreme, we have a strong chance at a 3+ day rally. Target is 166ish for price and latest end of next week to exit the positions.
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...