Tuesday, August 25, 2015

Aug 25 - Long SSO, XIV again

Sold longs 30 min after open and stayed flat until close where I just reloaded longs.  Volume diminished which is a positive but not an end all in SPY and VXX.  Another plus is that VIX dropped while equities slid too.  That gives more possibility to an up day tomorrow.  Looking for a short term bounce here which I might sell again on the open.  The bottoming process won't be easy.

No comments:

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...