Friday, May 26, 2017

May 24 - Looking for copper rebound

60% of FCX's revenue comes from copper sales.  If copper gets moving, should bring up FCX also

May 26 - Still long FCX, BIIB, STX, TWTR, RMBS...eyeing AAPL and SNAP next week

Not expecting much today and intermediate term looking to short the week after OPEX in June as seasonality is quite poor.  Sold BIDU and am thinking it pulls back to crew over the legion of later buyers expecting a breakout.

Other than that, don't plan on major changes to the Cecil Fielder account.

BIIB is set up super well

 FCX still churning and waiting on the Aug 13 calls
 Jun calls in STX
 Jun 2 call in TWTR
 Not ready yet but if SNAP consolidates again this is definitely a play for weekly calls

Same with AAPL

Thursday, May 25, 2017

May 25 - Getting cautious on China names, long BIIB, TWTR

Have to admit I botched this big run up in tech.  FANG names are moving and I got overly spooked by last week's move down when I sold my FB/ PCLN/ INTC waaaaay too early after the bounce.

I am not liking how lots of China names are getting whacked like MOMO, BITA, SOHU, etc.  Still think huge upside ahead but might be best to see some consolidation first.  I trimmed off 1/2 BIDU and will be watching closely.

Still long FCX, SKX, RMBS from a while ago

I wanted to see this move

BIIB has a great setup

TWTR long courtesy of Jeff Kohler at Trading Addicts.  If you haven't tried his service, very good stuff, highly suggested.

Monday, May 22, 2017

May 21 - Long BIDU

I am late to the China internet party here but BIDU is one that hasn't blasted off yet.  SOHU, CTRP, BABA, JD, ATHM have already moved.  In July 200 calls here @ 3.6.

Also still long FCX, SKX, YRD, RMBS

Thursday, May 18, 2017

May 18 - Bearish chop ahead

I got blown out of my FB calls and seeing a lot of red across the board.  I think today is just a bull trap to get the late to the party for the 'Buy the dip' buyers.  Also sold GLD/ GDX longs a couple days ago, unfortunately right before the big spike yesterday.

Shorted SPY near close for fri/mon hold. Yesterday's readings, advance/ decline ratios, TICK, weren't in freak out mode so don't think we have a bottom yet. Leaning towards some ugly chop at least for a few weeks. so so seasonality ahead also. I'm sitting in the most cash since fall of last year.

Sunday, May 14, 2017

May 14 - Long FB, FCX, GDX, PCLN, SKX

Looking to add more PCLN and INTC Monday.

Biggest position in FB right now followed by FCX Aug 13 calls.

I have a big batch of FB calls expiring this week and next.  Could be a 3-4x bagger

FB near upper end of range so will be looking to sell down my position as it goes up
 INTC Jun/ July calls I am buying on open Monday
PCLN looking to fill the gap down caused by earnings via Jun16 calls.  Looking for 2-3x on this one

Wednesday, May 10, 2017

May 10 - GDX long

Entered this one on Tuesday.

Looking for a move to around 24

May 10 - Oil rips higher

Looks like I got hit with a leg sweep last week on my energy position.  Now it's a bit late to jump on board so hoping for some kind of consolidation/ pullback.  Still bullish longer term, but afraid this thing just rips like mofo higher without stopping.

Good news is I took a speculative short via SNAP 22 May12 puts and looking to get 400-500% tomorrow.

Thursday, May 4, 2017

May 4 - Stopped out of XOP, took SPY short, long UUP Jun calls

Got stopped out of a big XOP position on open and looking to reload maybe in a few weeks to a month.  Also got short SPY as hedge and added UUP calls.  I am not confident that the market continues to blast higher for next 1-2 mo as things seem to be stalling here.

Tuesday, May 2, 2017

May 2 - Energy at a critical inflection point

I sold XBI today after it broke lower and XLF mid last week.  I am not excited about the indexes stalling out here when previously we moved higher like post Trump, Feb.  We got a pop after the French election but absolutely no follow through.  This is concerning.  SPY/ DIA stalled at previous highs and IWM made a nice move but has slowed down.  The only index which is definitively bullish is tech.

Overall markets aside, I would continue to be very bullish on energy but I don't like the seasonality ahead combined with the indexes slowing down.  Generally I will be increasing cash position and maybe lightening up energy depending on how things go.

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...