Tuesday, July 19, 2016

Still Holding 7-19-16

Indices are still holding up while slightly down today. Earnings are better than expect for big techs and banks so far. The bull flag or topping pattern are developing without a clear winner. The bulls looked tireless. Be prepared for another run up.

I had to go to Anderson, SC to attend the house inspection. I set to buy couple long calls and closing short calls. Some got filled.

Risk factors are better than yesterday. The 9 ITM positions are a major concern. I may start to roll up the deep ITM ones first.

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