DB weighing on the market and my now sizeable position of Nov/ Dec WFC calls about 10% underwater. Closed SPY shorts when SPY was at -.8% to breakeven on a poor short entry from yesterday.
Indexes barely worth trading. Just a lot of chop.
I thought TWLO might have been done but looks like it is presenting another opportunity. This will probably the last time I take a long stab at this as it is pretty elevated. In TWLO oct 21 65 calls @6.0
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...