Wednesday, October 15, 2014

Oct 15 - Potential intermediate term bottom

If SPY doesn't break down this could be capitulation.  Volume spike per the early year correction and about to print a reversal candle.  Just added tiny amount of more VXX puts mid Nov 33.  Looking for close at 186 to put on bigger position.  If not will hold off.

345pm update: added a big position of XIV at 26.84

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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...