Tuesday, November 15, 2016

Nov 15 - Sector rotation as equities continue up

SPY moving up on weak volume.  Let's see if it holds.  Still holding longs, major position is a big batch of Mar ITM VXX puts.  Tech staged a big bounce today and energy also.  We might be looking at musical chairs until the end of the year.


Still have target of low 20's in VXX within 2 mo


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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...