Ok, so today has been going very well. I've made many moves today, and have really juggled around my account.
I sold my qqqq puts that were purchased on Friday at the open today for a profit. I actually repurchased the position at about 9:40 this morning after it bounced at the open, and rode it down all morning and sold for another profit.
I also sold my oil, USO puts this afternoon at a profit.
I closed out my entire AET put position at a profit. I have to say AET was a great call, the stock has been completely obliterated since I entered my put position.
I closed out my entire IYR put position at a profit. I actually just bought some calls on the IYR as a gamble, because the IYR is reaching some support around 23.50. This is definitely risky, but the past couple weeks have been going very well, so I decided to take a gamble. If we bounce, I think this will bounce the hardest of all of the sectors, as its currently owned by predominately shorts.
I also just purchased SPY calls, to slant my account in a more bullish position.
Currently my account is about 1/3 calls, the most bullish I've been in a long time. I do anticipate a short time bottom relatively soon, I would be surprised if we broke below 700 on the S&P without some sort of BIG and NEGATIVE news.
I don't know if I am going to be proven too early on this bullish slant, but making money on the downside has been too easy the past 2 weeks, which usually indicates its time to change directions.
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