Wednesday, October 5, 2016

Oct 5 - Reloaded WFC Nov calls, added GLD short and YRD/ CMCM longs

Jumped back into WFC Nov 47 calls and will only hold if the overall market holds up.  Also added GLD Nov 123 puts looking for 110-115 and YRD Nov 30 calls @2.0 and CMCM Nov 13 calls @ 1.2

If WFC finally gets some volume and speed this one could have a vicious bounce
 Very nice set up in YRD.

 Nice consolidation here for CMCM and a lot of upside

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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