The morning started out right and tight. I woke up late about 9:45, the overnight shorts started to work and I pressed my positions with SDS calls, SSO puts, IWM puts, TZA, and DTO/USO puts. Everything except the crude shorts were profitable when I cashed out around 10:30ish (BZQ, FAZ, etc). The crude related shorts [...]

• Comments

I trimmed my shorts from yesterday, but am still short the RUT, have some FAZ calls, and some FAZ stock.
It looks like if this market is going to move down it needs to do it next week. The market has many divergences going on particularly the weakness in financials, however, divergences are not guarantees.
As far [...]

• Comments

I rolled back into FAZ, SRS calls, DRV, SSO puts, TZA, MCO puts, and SMN today. I think I included an AIG chart to go with this. I also went short with 2x funds. I’m expecting more movement lower due to the break of my SPX level mentioned in the post before this one. Today [...]

• Comments

Posted last Friday:

Posted Monday:

Now this is the way it looks today:

Now I’m short via my index 2x funds $NDX, $SPX, $RUT, SSO Dec 34 puts, TZA Jan 15 calls, TZA Dec 14 calls, and long TZA as well. I’ll be getting some FAZ, DRV, and various other inverse funds. If topside resistance breaks I’ll look [...]

• Comments

Today was awesome. Yesterday sucked, but I had a nice time at the golf tournament and was the reason my positions got whacked yesterday as I would have covered in the morning. I should have brought my MiFi card with me and traded out in the morning when EVERYTHING was working right. Index shorts, EWZ [...]

• Comments

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 January FAZ, SRS [...]

• Comments

Today was a big day. Alot of losses turned into gains on the options front. I basically made up any loss including my PALM puts loss. I would have had a very nice day if I never bought the PALM puts in the first place. However, now if PALM was to suddenly drop it will [...]

• Comments