Elevator down, here we go!
A lot of action for me in the morning, after which I just let the account sit. Took a slight loss on the day, but I feel I’m poised to take advantage of the market regardless of whether it continues this down or bounces back up tomorrow.
DP Sells:
- Took profits on [[STP]] calls in the morning. They were nicely in the money; no reason to risk that on a broad-market sell-off. Plus, this way I’m back to being up 10%+ for the month.
- Will get back in for an earnings straddle tomorrow morning.
- Sold the call-legs of the [[CSUN]], [[MVIS]], [[VMW]] straddles/strangles. CSUN earnings reaction went right along with the market, while MVIS & VMW look ready to head lower.
DP Buys:
- Earnings plays in [[PVH]] & [[SOLF]].
- Positioning myself for the down-leg with puts in [[MER]], [[NIHD]], [[YGE]].
- Calls in [[TRLG]]. Holding support @ $22. Just a small position, due to market conditions.
