Wednesday, December 9, 2015

Dec 9 - More equities chop

I am expecting downward chop into mid month and will wait next week to look at equities position unless we retest the lower end of the range in SPY.  Since volume seems to be ramping up and the speed of intraday moves isn't subsiding I favor the downside slightly the next few days.  Gold continues to thrash around and still holding the GDX call spreads for Jan which are at even now.

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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...