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Showing posts from March, 2021

sold M calls 2.72 Long VIAC May calls 6.3

Sold AYX calls long M June 15 calls 1.95

Long AYX June 85 calls 9.25

covered bby 118.29

Six sigma trade going long TLT materializing slowly but surely. Need to see 10 yr rates close to 1.9

Short BBY 117.48

Bias still down imo

Always good to make almost 2 weeks of pay from your regular job in 2 minutes on a day trade

Got in 1 day too early on DE puts. Lesson : wait for some kind of shooting star event to short high flyers. Could have easily shorted above 385 to 390s.

Sold CENX 15.95

Long CENX 15.48

Sold DE Puts

Long DE Puts June 370s

 10 year rates going to 1.9 to 2 %.    Even a tractor company should get revalued down.  
 Sold CLOV @ 8.41 Bad trade overall.   Loser stock.  Chamath is also a loser.  

Sold SPY Puts long CLOV 8.54

 NFP coming Friday.    I think they will be good.   Getting tons of job requests by recruiters. 

Sold all longs. Long SPY May 388 puts

Long INO and DDD

 1000 shrs each 10.28 and0 34.37
 Long CLOV 2000 @ 9.35
 Sold FCX 3000 at 35.70 from 35.00
 Long RMO FCX
 Sold CLOV from 10.42 at 9.97.   Was a mistake.  
 Long CLOV after earnings.   Just came out with earnings.   Top lines numbers looked strong.    Although losing money.   Bit of a gamble but the uncertainty is out of the way and the results are more good than bad imo.  
 Out all longs.  Flat.   
 Odds of making a new high on IWM and SPX are now 50/50 IMO.    For the NDX I would say it appears to be going to 13600.   I can't see NDX making another new ATH at this time.     But anything can happen.   I may reduce half my longs depending on how the market trades in the last 2 hours of the day.    Again, I still wouldn't be surprised if today's action reflects 1st of the month effect and we have a down day tomorrow.    OD
 Sold all the MOMO calls and RMO this morning.  Made a few G's. Now I am long OGI and STIC. My thoughts on this market.   Anything can happen.   But my first instinct is this is just a short covering rally.   I thought we were going to be down today and resume the correction.    For now, I will remain long but ready to flip short in an instant.   My target for NDX is 13350.   I will watch that level to see if it can get there and if it can breach it. If so, we are going back to possible highs again.   But if not, this is just a short covering rally. If we resume downside, number # 1 target is DE puts.   # 2 target is IWM puts.   Ol Dawg