I only have two positions that are September and it looks like they are both heading to zero..

BABA is going to zero for sure, I’ll see if we get an dead cat bounce (it will be small) and then I’ll just take the loss later in the week.  Fundamentals of what they are doing are great but I don’t think there is a stock in the world right now that can impress the market, sentiment is very negative, especially something as closely tied to china as BABA.  I had taken 3/4 of my position out at close to a double so this trade will still be a winner, but its still painful to see the market take a stock down when this war result was ALREADY PRICED IN!!

DIA, I said I would exit if we rallied 250 in a day and we almost got there… which means I almost sold… ouch.  But that is why I opened the VIX position, its up 40% today so my insurance is kicking in and I’ll likely get out of this without too much of a loss if you combine the trades.

VMEM came off the crazy lows and I sold some .30 cent calls for .65 cents.  I still have a big chunk of this, probably too much, but I’m going to roll the dice and see what the earnings bring at the end of the month.

So for the week it looks like 2 losers and 2 winners, given we are down big time that’s not too bad.

But outside of this week I’m starting to build long positions out into spring and all the way out to 2017.  I’m going long on TWTR, USO, etc.

I don’t have confidence this market is coming back in the short term or that OIL will bounce back that quickly either.  BUT…. both will come back, its just what things do.  Its so frustrating to hear the technical guys talk about OIL like its a stock vs a commodity.  But for anyone following me into OIL long term don’t forget that the wild card is the US dollar.  I’m also looking at Brent vs WTI, or maybe both as a hedge.