Tuesday, May 15, 2018

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 pops up.  It could be very choppy and I would love to see a lot of downward chop to set up the next run up.

Currently long DAL, JBLU, AAL, LUV, and HD Jun calls.  Airlines are knocking on the door of reversing.

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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...