Monday, January 18, 2016

Jan 17 - Bounce targets

Game plan for tomorrow is if we see a huge gap up like 2%+, I will look to close longs on open and reposition on potential gap fill.  At 1% or less, will hold.  Anywhere in between, will sell 1/4 on open and make a judgement call.  

Looking for a 1/3 retrace at minimum if this is a bottom

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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...