PUT PARTY!!!!

For an owner of numerous puts, waking up after the 3 day weekend and seeing futures down 200 pts is like having all eight nights of hanukah rolled up into one!

I sold some positions today -

SPY - I sold this full position this morning. I purchased these puts for 4.8 and sold them for 8, an increase of 66%

IYR - Notice the IYR achieved my target of 27 mentioned a few days ago. I sold half of my position as I am still very bearish on commercial real estate. I purchased these puts for 2.5 and sold them for 4.6 today, an increase of 84%.

Nothing major to report in my other positions, SWN, FNF, AZO, but they all look to be performing relatively well for me. I am playing SWN for a push below 30. FNF is battling that 17 line which i need it to violate. AZO looks especially weak lately, which is good for my position.

I also entered a new position this morning, I purchased IWM puts. I planned this as a small day trade. I am currently down 8% in this position. If the market continues to move higher, my stop will likely be violated, and I will be closed out at a loss.