Tuesday, June 27, 2017

Jun 27 - Breakdown in FANG

Took profits on some of the puts.  Think since the complacency in the put/call ratio still exists there's more downside.

My big XME position suffered a reversal so even metals isn't immune to this



Tomorrow probably will be a down day and if not tomorrow, very likely more weakness ahead

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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...