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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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...