I made a small wager on TGT and it got blown out of the water. This probably isn't a good sign for my JWN position but will see for now.
After a bit of deliberation decided to add GLD Jun 118 puts @3.05, I missed a huge move on GDX yesterday which was probably the worst mistake I have made in the last 6 mo. I am looking for a 109-110 target by June.
Also added Jun BIDU 180 calls at 8.05. Think this multi yr consolidation will end within 1-2 mo
Tuesday, February 28, 2017
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...