Thursday, March 31, 2016

Mar 31 - Boring low volume consolidation

The adage goes something like don't short a dull market?  I was looking for a gap down or at least some pick up in volatility but not today.  Very disappointing and I am in 100 % cash again but ready to buy back puts at any time.

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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