Wednesday, August 26, 2015

Aug 26 - Rinse and repeat. Sold longs on open and went short SPY

Not sure what is going to happen today but once again sold longs on open and now fading the gap with a very small SPY short which if it hits gap support will be closed.

As always, will wait for the close to make decisions on larger positions.  As ugly as things look, we 'may' be trashing around and making a temporary bottom.  Perhaps we will bounce around ala 2011 before things stabilize.

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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...