Friday, June 7, 2013

Long SPY calls

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.

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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

I have been stopped out twice in last few weeks trying to short GLD.  I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...