Friday, July 1, 2016

July 1 - Short SPY

Looking for settling next week.  How much I don't know but my guess is we see a bit of chop and consolidation before ATH.  My bearish thesis post Brexit of retesting the lows seems a far off memory and a long shot to happen but if it happens it would be a great buying opportunity.

A bit of a warning sign for WSJ ' selling on strength' from today

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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...