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Dropped the UYG near the open for a gain.

Sold the AMZN puts for a 8% gain. I sold AMZN did its final down move for the day. That sucked, but happy about making something on them. These puts were not a good value because once they went in the money and went beyond that price, the option barely increased. I guess thats because of where the VIX was?

I’m repeating, but I cashed out of nearly every long this morning except for ONNN which I held onto.

I thought we might continue the up move today and maybe into Friday and setup a nice short trade, but now it appears that a bullish trade is going to setup if tomorrow pushes this market down even further.

If we signs of capitulation, *VIX above 30, buy it or cover your shorts at least.

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