I would be a lot more bullish if not for next week's poor seasonality but I did pick up a couple positions today.
WFC Oct 7 43 calls @2.9
VXX Oct 7 44 puts @ 6.1
We might get some more downside in the indexes next week but I believe it will be limited due to the lower volume churn at this level.
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...