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I am hoping for that the US markets will give me a reason to get out. A rollover from these prices and technicals would be a more difficult position to trade assuming we had a selloff, no reason to get out, and hold till we hit new highs. In a similar scenario if the US indexes blast higher tomorrow (in a large enough way) I will cut my 100% long position back and look for a place to buy back long and would assume a correction is near. This is the reason I’m looking for to manage my index trade.

Based on some of the oversold nature of inverse etf’s that condition is likely going to stick going into tomorrows close. Kind of gives me a little confidence that tomorrow should move higher. Like I said, if it doesn’t I’m going to be a little surprised.

As far as stocks go, I took some gains, and bought new positions as well.

-I lost 100% on a gamble trade in SEED calls overnight. Went with Jan calls thinking I could repeat the BIDU calls – except this time actually own them. Obvious failure.
-Sold portion of EK calls for 50% gain
-Sold my MOT Feb 9 calls for 11% gain. These were too far out and if MOT doesn’t move tomorrow I could use the gain now to do something else. Still positioned in MOT Feb 8 calls. Up 22%
-Added to BCS
-Bought GS April calls – trend play and if it breaks, I’m out
-Bought LVS March calls – trend play and if it breaks, I’m out
-Bought T Feb 27 calls.
-I included some charts from this weeks option trades that all had the same buy setups. All are winners (still have MOT). T is doing the same thing. I’ll milk these until they run dry.

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