Wednesday, June 5, 2013

Covered /ES shorts from 1670.25 @ 1607.75

There is a confluence of intraday support in this area for the SPX. I am not supremely confident it will hold.  I will be watching the markets very closely for clues to what's next. I will re-short based on how the VIX price structure looks over the next few hours or days.

I also covered approx. 1/3 of the BAC Aug. Puts I bought the other day @ .66

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