VIX near a point where we have seen reversals the past 2 years but we could be starting something new.
Friday, August 21, 2015
Aug 21 - Not biting on longs yet
As interesting and oversold things are, I am not biting yet and waiting for some signs of stabilization, namely a decrease in SPY daily volume. At most, will take a small long near close.
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...