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.

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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...