Thursday, October 6, 2016

Oct 6 - More equities chop, GLD might bounce

Exited SPY short near open and GLD short right after

Picked up SOHU calls, added a bit of YRD calls, small TWTR calls, and small amount of GLD 119/119.5 call spreads @ .27 expiring tomorrow

Current holdings in order of size

short: none

Update on different accounts

Volatility acct is +20%, I haven't touched it in weeks though and will start trading it once we get past October.
Discretionary acct is +2% (20% TWLO, 20% CMCM, 20% YRD, WFC calls)
The 15k acct (very high risk account - will call this the 'Cecil Fielder') is up 50% now.  It was down 40% at one point.  This one has a variety of calls in YRD, CMCM, SOHU, TWLO, TWTR, GLD and utilized to 50% capacity

Hopefully this weekend I will graph the activity of the Cecil Fielder account.

Big divergence in GLD and it is definitely in the category of shorting in the hole now.
 Third consecutive close below Bollinger and decreased volume.  Not safe to be short although it could still waterfall.  Looking to reshort on a bounce
 SOHU set up well

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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.