I'm not bullish at all, but you go with what the market gives you. Strong retail numbers, market getting a bounce. The overnight computerz are designed to pump futures, so I'm holding this overnight and hopefully dumping on open tomorrow.
I like to use XRT and GM as surrogates for SPY and DIA options. Long on both until market opens tomorrow. I'm pretty sure they'll gap it up, but regardless of which way it goes, I'm also pretty sure the gap will close.
I'm still expecting a selloff Friday afternoon and New Year's Eve. Don't get too bullish folks, we have one more selloff at the end of the year. Eyeing FB for the final short of the year if it gets above $140 tomorrow.
I like to use XRT and GM as surrogates for SPY and DIA options. Long on both until market opens tomorrow. I'm pretty sure they'll gap it up, but regardless of which way it goes, I'm also pretty sure the gap will close.
I'm still expecting a selloff Friday afternoon and New Year's Eve. Don't get too bullish folks, we have one more selloff at the end of the year. Eyeing FB for the final short of the year if it gets above $140 tomorrow.
Trade closed manually:
Obviously a mistake holding overnight, still flipped it after open for a small loss. Made it back already flipping NFLX puts, lol.
I'm not holding any calls overnight again until next year. That was dumb...
I'm not holding any calls overnight again until next year. That was dumb...