Thursday, March 17, 2016

Mar 17 - Potential SPY short

This is a very short term (only looking for a couple handles) idea for SPY.    RSI gets overbought and SPY moves down 2-3 points.  I am only long VXX as of today's close but not looking to hold for long.  I am guessing that we have moved high enough that there is a good chance of some churn in the 200-208 range of SPY to frustrate both the bears and bulls.

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Feb 27 - $shak primed for a big move

Still holding $RIG Mar2 and Mar16 calls which are up 100-200%.  $shak settling nicely and I have plenty of time with Jun 45 calls