Thursday, October 2, 2014

Oct 2 - Bounce possibility

Exited longs in SPY 200 oct 10 calls at 5.82 for +28% (I botched not unloading at least partial position around the low when they were up 50%, pure greed on my part)  and will wait for the short term time frames to work off the oversold conditions.  It might not take long.  Buy signal just issued on 60 min SPY.  We could see a move up to 195-196.

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Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...