Tuesday, October 18, 2016

Oct 18 - Closed out some VXX puts, added to GLD longs

Not totally sold on today's bounce and we might get a reaction tomorrow.  My China longs are struggling here (even YRD which made a bad reversal today) and things need to get moving soon.
Added to GLD longs.  The other core positions of WFC, BIIB look solid and might switch out China for more blue chip longs like WFC/ BIIB




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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...