Sold a batch of SPY calls I picked up two days ago for solid gain. Why?
-sell signal on 30 min frame
-near sell signal on 60 min frame
-at a level in VIX where it oftens reverses, look at CCI, RSI, and price. It has bounced usually during last few months
- SPY also near resistance and may consolidate, but also may push to ATH. Although I'm bullish I think odds aren't great on short time frame.
Looking at maybe shorting gold/ silver as both weekly and daily showing black reversal candles.
Probably 2/3 of the options account is in banks. Maybe 1/2 regionals and 1/2 XLF, C, BAC. Expecting another run up in equities into Augus...
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...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...