Friday, October 14, 2016

Oct 14 - Mixed bag in equities, YRD might be ready to blast off

Not sure what to expect Monday but today's action could be a bear trap.  But I don't have a huge amount of conviction here.  Next week is seasonably bullish so tailwinds for the bulls.

Long China via YRD + CMCM + SOHU Nov calls
Long VXX Nov puts
Long WFC, BIIB stock
Added back 1/2 position of GLD long (we should get a bounce sometime, just don't know when)

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Jun 19 - Set up of the year in financials

I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug.  Mad conviction here.