Thursday, February 4, 2016

Feb 4 - Closed out shorts on dip/ long biotech

Closed out SPY shorts from 2 days ago for small loss (I traded it poorly and should've taken partial profit on yesterday's dip).  Entered a long position in biotech via LABU.  I am not a fan of biotech longs for obvious reasons but the setup is too good to ignore.  Very strong positive divergence if it takes hold could give it a strong short term pop.

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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...