15 SEPTEMBER TRADES AND THOUGHTS

THOUGHTS ON MARKET: 

S&P 500 keep getting saved around 3900 area and that resilience can be attributed to Friday’s $3.2 trillion option expiration. Quadruple witching day - tomorrow - which means majority of the movement in stocks or indexes happens based on maxpain area. It is highly recommended to remain very light in options exposure around those days as movement on both sides can be very nasty. We will see the real movement next week - on or before Fed meeting.  

TRADES: 

Bank of America: 

1. Bought and Sold TLT SEP 23 110 Calls for a minor 10$ loss.
2. Sold CLF calls for a minor 30$ loss. 

No more active options open. 

TD AmeriTrade: 

1. Sold NOV STX 67.5 call for a 100$ loss.
2. Sold TLT Oct 113 calls for a minor 20$ loss.
3. Sold DVN Oct 80 calls for a no loss-gain.
4. Sold ALT Oct call for a major loss (200$ loss)

Reducing option exposure to almost null. 

Also sold AAPL Stocks for very minimum loss. (5$ - tight stop loss)

e-TRADE: 

1. Bought BOX, LU and POSH (New Positions)
2. Sold STX (stocks) for a minor 20$ loss and took profit on TNK stock.