Quickly closed QQQ long and switched to SPY short on open but smaller than the previous short position I carried this week as VIX is still elevated and this isn't the safer place to short. But doesn't look like Thurs was the bottom so far.
Still respecting the trendline and am guessing more churn is needed to carve out a bottom.
Some air below, perhaps 202-203 is in the cards
Friday, June 17, 2016
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...
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...