Friday, October 16, 2015

Oct 16 - Long UUP, short GLD/ GDX

Equities still look to reach the major overhead supply above but I am staying away from that trade for now.

Went long UUP calls at .63 at 24 strike expiring 1st wk of November yesterday and added GLD, GDX put spreads today expiring EOM.  

Finally crossed trendline
 In an area where it has dipped before

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Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...