Starting w 2 long term entries in APA, XOM Jun/ July ITM calls and 2 short term entries via USO, XLE calls expiring this week. I'm not totally convinced this is the bottom in oil/ energy so still have 1/2 more allocated to buy energy.
Sold YY after a really nice boost yesterday at 7+% and took the proceeds to buy today's energy names.
I love the setup here. If it fails hard it will be obvious to get out. Good risk to reward.
APA looks great here
BIDU a bit frustrating as a lot of China names have blasted off. Interestingly BABA is struggling also. I have Jun 180 calls from a week ago and theta burn is starting to take effect.
Not in this one yet but eyeing it
Got into decent size position of $QQQ 175 calls @ .22 expiring Fri and smaller $amzn and $nflx. Still in $shak and sold off $rig for only 5...
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...