I haven’t had a chance to update this in a bit but I’ve made a few moves.  I really don’t like the “bad news (job report) so we rally” that we just had, that was played out back in August and now its back, but it is what it is.

Oil (WTI) rallied 5% and broke above $49 so I sold the rest of my USO position a couple days ago.  This was such a good trade 🙂  I entered a small short with a Apr $15 put.  It feels like OIL is in a range of low $40s to high $40s.  I’ll exit and reverse the trade again at $44 or $43.   These 10% moves up and down with OIL equate to moves of about %50 on the options.

Made some really nice gains on SPY that I entered back in the worst of the pullback, sold with a really nice profit.  I entered a Short with the Dec $194 PUT on SPY.  We had a 5% rally in effectively 2 days.  Seemed a little too much too fast so this will be a quick hit or I’ll take a loss and sell, I’m not overly bearish right now.

Quick summary of some other things:

Twtr – I really got this one wrong, I did not think they would keep Dorsey as CEO.  Silly me for actually listening to the board when they said he was not being considered because he was not a full time candidate.  I have a 2017 position that will likely pay off nicely and I’ll add on additional weakness but lesson learned (again) about cost basing down and using the same position vs one further out.

Qcom – JT bought this one so I had a look and thought it looked OK so I bought some Jan ’17 $75 calls for .67 cents.  Position is up 45% in a couple weeks, thanks JT.

Yhoo – play long Jan 17 $50 calls based on the spin out of BABA, up 50% so far will add on weakness and take 50% off the table if I get to a double.

VIX – got a low alert on the VIX so I thought I would try this one again, going long Dec $20 call, got in this morning for a $1.80 I think we are due for some more volatility so this feels good to me.  If we spike the VIX back to 30 this will be a monster play.

I’ll try to update this more often now that I’m back into a normal routine.