Thursday, January 22, 2015

Jan 22 - Strong upmove in indexes, VXX makes big drop

ECB as expected delivered and also added additional language of an undetermined end date to QE which was viewed favorably by the markets.  My XIV position is +10% and will watch carefully in near future to see if we continue this up and down consolidation that we have been doing for the last month or whether we retest highs.  So far, NYUD and VIX are supportive of this move.  HYG also cracked its descending trendline which is a plus.

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Mar 17 - Long $QQQ

Got into decent size position of $QQQ 175 calls @ .22 expiring Fri and smaller $amzn and $nflx.  Still in $shak and sold off $rig for only 5...