Monday, September 12, 2016

Sept 12 - Closed out SPY/ XIV

This is just a gut feeling but today's move was too big and sustained for me.  I got a 1% move in SPY and considering how small the range has been, I will take it.  Yes it sounds opposite of what it should be but I closed out my XIV/ SPY call spreads EOD.  I would've preferred a small doji or a scenario where we ended up south of the Bollinger.  We might be set up for another reversal tomorrow/ Weds and I don't want to get caught.

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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...