Okay… So I think this is the bottom.
Could I be wrong? Yup… If I am I may blow through about 100K of the paper money account, however I don’t think that is going to happen. I’m working on a series of positions right now. They are along a ton of different ‘minis’.
When I get fills on these tomorrow I’ll update the portfolio and describe my thoughts on each of these. Overall, I think we have hit a temporary bottom and I’m willing to play it. So here are the tickers: IWM, DIA, SPY, QQQQ and the VIX.
My orders are as follows:
- Sell 100 VIX Feb 32.5/35 Call Verticals @ $0.45
- Sell 200 DIA Feb 110/100 Put Verticals @ $0.13
- Sell 200 QQQQ Feb 40/39 Put Verticals @ $0.13
- Sell 200 SPY Feb 122/121 Put Verticals @ $0.18
- Sell 200 IWM Feb 61/60 Put Verticals @ $0.14
I’ll post the updates as soon as I get them. Good luck, hopefully I’m on the right side of this. If not, it may be quite costly.
Trade smart!
