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As the volatility picks up we get these large back and forth intraday moves. I took my heavy shorts to cash this morning. You can see via twitter here. Banking the beautiful 4% move in the RUT 2x, and > 2% in the NDX 2x. I sold my FAZ for 4%, TZA for 3-4%. Held …

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I’m testing some new ideas here. STLD is showing signs of weakness. On a bounce it looks like a short. I will likely play this though another way. This must put in at least a 1 day bounce before I get interested in shorting it. Which means long SMN. I’m also getting interested in SRS. …

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At the close both SRS and FAZ went on buy signals and now I see in the afterhours BAC did a secondary priced 10%+ lower than its close AND HPQ is lower in the AH. This might be a spot where I’ll look to get short again tomorrow and I’m not looking for armageddon either. …

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MSFT – The stock has moved higher since my buy. MSFT was up 11% afterhours. Thats absolutely insane. However, their earnings were insane so it matched. I bought the MSFT Nov 35s for .16 today, those will likely be up really big tomorrow. To shore up confusion, I own the equity and long call options. …

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