Added XOP long after getting stopped out yesterday (should've had a slighter longer stop maybe). XOP has been showing strength despite oil weakening the last few weeks. Oil 'may' be stabilizing here but the trend is still down.
Also added VXX put spreads for first month of Sept in the 'Volatility Account'. Plan is to add 1% of acct/ wk going out 1-1.5 mo.
Call buying has come back and very good chance of a pullback here
Probably 2/3 of the options account is in banks. Maybe 1/2 regionals and 1/2 XLF, C, BAC. Expecting another run up in equities into Augus...
Jun 10 - More bullishness but when is the pause/ pullback coming? Currently long C, BAC, DAL, JBLU, MARK, IGT, PYBI, FDXI botched my financials short trade and didn't close them the day after when I was up 70% and ended up taking a 50% hit the next day. F...