Thursday, September 15, 2016

Sept 15 - Sold VXX puts

Caught a double on the VXX puts as they expire tomorrow.  Still see more downside in VXX but with expiry tomorrow, too much risk holding them and watching a 110% return evaporate.

TWLO continues to tease and it is running out of time.  It needs to make a move above its trendline within 1-2 days.

I sold when it stabbed the upper BB.  Quad witching might bring just a lot of chop tomorrow and little directionality.  Tomorrow however has extremely bullish seasonality.  Actually the best of the year so if we see a gap up I may chase it.

TWLO drifting down and looking for the upward pop
 Diminshing volume but only price pays

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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...