Monday, September 12, 2016

Sept 12 - Long SPY/ XIV and still long MEMP, TWLO

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.

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Jan 20 - Equities caution signal, short SPY, NFLX

Call buying has come back and very good chance of a pullback here