Wednesday, May 10, 2017

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.

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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...