Thursday, September 24, 2015

Sept 24 - Long SSO

I jumped the gun yesterday with the XIV position and quickly got out pre-market.  Around midday we started seeing positive divergence and built up a decent sized long position in SSO.  Looks like we might have a very short term bottom.  That said, over intermediate term, what I am aiming for is a better position to short to retest lows, but for now, just taking it one step at a time and not trying to enforce my wants on the market.

 Reversal candle on diminishing volume on SPY.  Didn't quite getting oversold on CCI/ stochs but did tap the lower BB
 VXO printed exhaustion candle, more visible than the VIX doji

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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...