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.
Call buying has come back and very good chance of a pullback here
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...
Jun 10 - More bullishness but when is the pause/ pullback coming? Currently long C, BAC, DAL, JBLU, MARK, IGT, PYBI, FDXI botched my financials short trade and didn't close them the day after when I was up 70% and ended up taking a 50% hit the next day. F...