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

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