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...

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...