Tuesday, February 28, 2017

Feb 28 - Torpedoed on TGT, added BIDU long, GLD short

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


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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...