Wednesday, November 9, 2016

Nov 9 - Not the end of the world


We just went from limit lock down -5% to even.  There are buyers out there.  Gold, Treasuries, and other safe haven assets getting sold off as we speak.  

Today was pretty lateral day for me and just repositioning.
I got blown out of HMSY and sold on open.  Took some profits in WFC.  Took a loss on BIDU (might be overreacting but don't like the China trade for now).  Proceeds from those parked into deep ITM IWM Dec calls.

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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

I have been stopped out twice in last few weeks trying to short GLD.  I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...