Hey Look at that!

Ah! Isn't this wonderful with the vol pop. Vix up 1.69 at 14.73 Vix futures up .90 at 14.25 and the ES  (S&P 500 futures) down 25.75 points or 1.47%. Along with this Russell trading at 1025 down 20.6 points down 1.99%, nasdaq futures down 50 points and Dow futures down 233 points. So, finally several of my trades are on the dance floor or profitable after waiting a while. So, I have covered many of my shorts, but again I even have put on more short positions in different stocks. I have left my longs however as in BBD to give myself some theta decay, and I want to keep it as a hedge, hopefully the stock goes nowhere. So, traders I would recommend covering shorts in anything that is profitable, and I have closed several positions for a scratch. However, this down move seems harsh, so I dont know if this is just a dip in the uptrend but if we get another short rally, but then die off we are likely to see another wave of selling. Not selling as in a crash but a good amount, and hopefully we get to 1500, I hope. If you guys are wondering why? The reason is a want a vix pop to sell some vol, and hopefully get some good profits out of that. Otherwise, I am still technically long vix and hopefully we can continue to pop. So I don't usually do this but I will give you guys a list of my current positions. FYI I usually have more stock trades in and I am so heavily in verticals because of the low vol in the market...otherwise I am very non-directional with higher vol.


Portfolio:
BBD:
Long 100 shares
Short 1 call  Semptember

BBY
Short  32/24 call vertical spread September

 BRCM:
Short 27/26 put vertical spread September

CLF
Short 24/25 call vertical spread September

 DAL
short 12/19 put vertical spread September

FB
Short 36/34 put vertical spread

FXI
Short 50 shares of stock
Short 35/36 vertical spread September

FXY
short 99/98 put vertical spread September

GLD
long 125/124 put spread September

HPQ
short 27/29 call spread September

JCP
 short 12/11 put spread in September
short 14/13 put spread September

NEM
short 33/35 call spread September

QQQ
short 73/75 call spread September

SLW
short 26/28 call spread September

 UNG (my least favorite)
short 18/17 put spread september

USO
long 37/39 put spread September

VXX
 short 14/11 put spread September

WLT
short 16/14 call spread Semptember

XLF
21/20 long put spread September

XRT
80/82 long call spread September