Wednesday, July 26, 2017

July 26 - Sold X, XME calls

Still bullish intermediate term but I sold X Sept calls for a double and XME also for a double.  Holding FCX Sept calls (now up 275%) as copper is ripping and has no correlation really to the Trump risk that is part of steel.  Will probably enter NTES calls today as China as a whole is moving really well.  I should've been in some of these names earlier.

I still like FCX and have a target of 17-18

Sold X calls when X was up around 10% this morning

Still have a target of 35-38 on XME but want to see how this weakness in steel is playing out.

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July 21 - Still massively long banks, took short term longs in NVDA, BABA, HAL, OAS

Probably 2/3 of the options account is in banks.  Maybe 1/2 regionals and 1/2 XLF, C, BAC.  Expecting another run up in equities into Augus...