Thursday, October 1, 2015

Oct 1 - More churn

I'm still not sure what is going to happen but things are getting clogged up to the downside perhaps and seeing a very strange negative divergence between VIX/ SPY.  It is pretty strong and visible today.  If we break out of the descending wedges things could rocket higher as the bear den is pretty full now.

I put on the following VXX put spreads and picked up small position in SSO and will increase upon confirmation of breakout of the wedge.

Oct 30 20/21 @ .21  
Oct 16 21/22 @ .15  
Dec 18 19/20 @ .35

1 comment:

Greenlander said...

Tony, you still long? I think you might have nailed the low...

Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

I have been stopped out twice in last few weeks trying to short GLD.  I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...