Positions & Market Update

Since the IWM Put is October and the VXX call is also October, I feel I have a little more time, I would have absolutely taken gains earlier or right now in both as I planned to treat both of these as Hit and Run trading, in and out without much time exposure. However I see some charts that are pretty amazing and I think these positions deserve a little more time.

Don't forget we have the normal Friday Op-Ex pin, which typically means Thursday's close is pretty close to the pin area Friday so that typically means there's not usually a lot of movement Friday.

However, I like a lot of charts here.

I'll try to give you an example of 1 of each in different timeframes, typically I chose one of the most impressive timeframes and didn't draw on these unless I had to.

 DIA 5 min (the recent trend of the last day or so is what I'm trying to show with all of these).

IWM 30 min

QQQ 2 min

SPY 10 min

 HYG 3 min

Gold Futures 15 min

Silver Futures 15 min

I'm leaving the SLV Put open as long as possible.

15 min 10-year Treasury Futures, note the difference between the 10 and 30 and think about TLT long (longer term trade).

 30 year Treasury Futures 15 min

VXX 5 min