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.
Call buying has come back and very good chance of a pullback here
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...
Jun 10 - More bullishness but when is the pause/ pullback coming? Currently long C, BAC, DAL, JBLU, MARK, IGT, PYBI, FDXI botched my financials short trade and didn't close them the day after when I was up 70% and ended up taking a 50% hit the next day. F...