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.

No comments:

Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...