Friday, September 30, 2016

Sept 30 - Added more WFC Dec 40 calls

My position is topped out now.  Sentiment is terrible and people are calling for the CEO's head.  From a financial standpoint, Wells is still in excellent shape and at some point the emotion should die down.


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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...