Tuesday, December 16, 2014

Dec 16 - Potential intermediate bottom

VIX may have topped out printed a reversal candle and HYG looks like it is set up for bounce going forward.  Considering the holiday low volume ahead for 2 weeks, this is risk to reward very good long set up.  It might need tomorrow also to settle though.

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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...