Wednesday, April 5, 2017

Apr 5 - Stopped out of SNAP

Costly trade.  I was eyeballing the open interest in the apr monthlies and looked too vastly skewed to upside bets.  In retrospect, looked like a crowded options market.

optimistic scenario but the right shoulder is way too big.

Volume ticking up today

No comments:

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...