Wednesday, November 2, 2016

Nov 2 - I am starting to buy here

Got long WFC and short VXX (Jan OTM puts).  Closed out XLF puts today also.

I think the play is to buy quality, blue chip names that you would be willing to hold in the event Trump get elected.  In other words long term holds.  In either election event, I feel strongly after some potential initial turbulence the market blasts much higher.

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Feb 27 - $shak primed for a big move

Still holding $RIG Mar2 and Mar16 calls which are up 100-200%.  $shak settling nicely and I have plenty of time with Jun 45 calls