Comment by phil

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phil
May 26th, 2016 at 11:25 am

Oil/Jabob – I'm happy to get 0.50 out of the deal ($49.50), so that's a stop now (and we can play that line below with tight stops if it goes back over).



GOGO/Hanj – Nice, 10% pop!  



Great for the OOP – that thing is cruising now:



• SJB – Fell off sharply as people get complacent about JNK, I still like this trade but $1,400 is enough to risk.  



• ABX – Just waiting for those to expire.  
• FCX – Also just waiting.  
• TGT – New one. 
• USO – Waiting. 
• WSM – Big part of our recent gains.  
• SDS – Sept hedge. 
• SQQQ – June hedge. 
• TZA – July hedge.  On this one, we may was well invest and roll the July $42 calls ($2) to the October $37 ($6)/45 ($3.90) bull call spread at $3.10 so we spend $1.10 to be $1.95 in the money with 3 more months of insurance.  



• UNG – A bit off track but the spread is even at the moment.  
• TLT – On track 
• USO – On track
• AAPL – On track and I didn't log the cover of 5 short July $97.50 calls at $3.70 (now $4.20).
• BHI – Love them
• BID – What a comeback!



• DIS – Already zooming higher.  
• GOGO – Fantastic today.
• HOV – I still have faith.  
• IMAX – Very happy with these.  
• LABU – We're stuck with the pre-split options but I'm fine with it our target and time-frame.  
• MRVL – On track.
• SQQQ – This is the one we added to yesterday. 
• TASR – On track for a full payout.  



• TWTR – I like this as a new trade.  
• UCO – On track for full payout. 
• UNG – Underperforming but loads of time left.  

GLD/Stock – As I said yesterday, I'm not looking to be bullish on gold until the Dollar is back near 100 (now 95).  A 5% move up in the Dollar can knock gold down 10% to $1,100 where I'd be THRILLED to go long. 

Spite/StJ – Happens all the time – usually not so blatant and public though, if you think about it, this trial has been going on for ages and only now are we hearing about it.  Shows you how secretive the whole thing is.  Just another way to take away those amended rights in America by our Corporate Masters (except the 2nd, of course).  

NFLX/Newt – Notice how it's timed the day NFLX tests overhead resistance:



Thanks Tommy!