Right now the market has the potential to go either way. It's like we are at a junior high dance and the boys don't want to go talk to the girls, nor do the girls. So whoever makes the first move will make the market move. I am leaning towards the Girls( Bulls), to go first. The big fat friend of the hot cheerleader, will walk over and tell us Boys (Da BEARS), that the hot cheerleader likes us. Then we will go all in and take this market down lower. I am slightly bullish because we are hitting the 860 RL and there is support around 860-850. Plus Op Ex date is Friday and someone could spike the punch at the dance causing a big rally.
I exited my SPY Puts, I really shouldn't have but I had 103% gains. I should've just hedged against the upside move.
I also got Long TAN, this was a hedge trade but hasn't worked out.
My VIX Calls are working out great
I bought some DIA and SPY Calls for a short-term trade. This position makes me uncomfortable.
I will be buying puts again. I really don't like being a bull at all.
