Friday, September 16, 2016

Sept 16 - Opex churn

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.

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July 21 - Still massively long banks, took short term longs in NVDA, BABA, HAL, OAS

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...