Look at the charts of the SPY and its implied volatility below. It's a really good feeling to see we're at an all time high and volatility continue to creep lower, the bottom graph. Similarly, my net liq hits an all time high this week as well. With that in mind, I continue to take smaller profit by closing on the following positions this week: FB (traded a couple of time this week), KORS (day trade), /CL (oil futures), AMZN and GOOGL (on both positions, I rolled up the long or put leg) and added new positions: GILD, TEVA (sell a couple of contract as it dropped 6% and earning is next week), GPRO, TWTR (after dropping for a couple days after earning), and BMY. Example on AMZN, rolling up the "put" contracts higher and further out to get delta positive. AMZN has been creeping up since its earning drop last week and a stock I love trading, mostly on the long side for the past couple of years. This along with GOOGL helped to buffer my short delta on SPY and VXX. In the pictures below, I rolled up the 750 put position to 770 put position with longer duration.
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March 2017
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