Entered a bit late when SPY was already up .4% into SPY 215.6/216 call spreads expiring Weds at .16 and XIV but let's see what happens here as this might be a V-bottom. If and when the bounce recovers last weeks damage, not sure what will happen. Still long MEMP (which is v close to being stopped out) and TWLO.
Monday, September 12, 2016
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...