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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Jan 20 - Equities caution signal, short SPY, NFLX

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