Still have target of low 20's in VXX within 2 mo
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.
Call buying has come back and very good chance of a pullback here
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...
Jun 10 - More bullishness but when is the pause/ pullback coming? Currently long C, BAC, DAL, JBLU, MARK, IGT, PYBI, FDXI botched my financials short trade and didn't close them the day after when I was up 70% and ended up taking a 50% hit the next day. F...