While I scoffed in the face of the market on Monday, watching a red tape and swinging a book of exploding longs, I am now perplexed to have started to draw down a little, with a handful of option plays blowing up on me.
I put together a few ideas on video this afternoon that I will upload for viewing later today. The analysis discussed will provide a decent road map heading out til September.
In the meantime, I am watching the Russell very closely, as this chart structure has very unique implications when compared against the Dow, S&P, or Nasdaq.
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I’m playing GNW , RDN , MTG , and MBI .
Did a large buy/write on FB . Buying the common and selling the weekly 39s . Terrific return for two days .