Thursday, June 16, 2016

Jun 16 - Post OPEX weak bearishness coming?

I went long QQQ at close but am still looking to play next week to the short side for its bearish seasonality.  I still feel at some point things will stabilize and attempts ATH.  When I have no idea.

Things still look incomplete in SPY although VIX looks like it printed a top.  Not entirely clear.

Seasonality is poor next week.  In the last 10 years only 1 positive week.

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Jun 12 - Sold $GOOG, $AMZN, $MARK, $IGT calls expiring this week, added July $GPS, $AAPL puts and $GLD calls

Lightening up today and yesterday a lot and have some of the holdings as puts. $FDX getting closer to retesting highs. $SPY close to 2...