Thursday, September 29, 2016

Sept 29 - Closed SPY short, re-entered TWLO

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

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Jan 20 - Equities caution signal, short SPY, NFLX

Call buying has come back and very good chance of a pullback here