Good job. It was a hard day.

Why did you buy TLT? Options?

I like MYL. Cheap and controversial. Options too?

Not too crazy about Tech here although outflows from Financials could support Tech.
Thanks! We need to catch up soon.





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Shorted $MBT, $AFSI.
Sold $HALO (-16.5%), $MAN (+1.1%), $BKD (+4%).
77% long by 43% short.
Leaning 21% long Technology.

Bought $RAI.
88% long by 36% short.
Leaning 24% long Technology.

Sold $IWM (+2%), $SMH (+1.6%), $IBB (+2.2%).
85% long by 40% short.
Leaning 17% long Technology.

Bought $BKD, $SMH, $IWM.
Sold $RAI, $VALE, $QQQ.
106% long by 40% short.
Leaning 17% long Technology.

$FCAU and $HALO both up 5-6% already since yesterday's close.

Tech Trader is 60% long by 40% short after exiting its $SPY trade (still 100% hitrate btw). We might actually do better in a market sell off but hard to say because of stock selection.

Tech Trader's once-in-a-blue-moon long $SPY signal is finally back on literally the last day of the year... Seriously what were the odds... This trade only ever happens a handful of times a year and still has a 100% hitrate since it went live in 2012.  Trying to start next year with a bang I suppose.

$XLE, $XOP, and $HYG added now as well. Basically loading back up for end of year.

Testing the waters again with buys in $EEM, $RSX, $XLI. Tech Trader putting that cash back to use after Fed hikes rates.

Market is up but the biggest winner for Tech Trader is actually short $DLTH, down 24% overnight.

Not much to give an update on. TT basically coasting into year end with modest bets on Energy, Consumer, and Materials.

Continuing to add energy names with $ESV, $HES, $CHK after OPEC's cut yesterday.

Seems like TT is nicely hedged here for OPEC - long $SM and $DYN vs short $XOP. Reminds me of Brexit long Europe and short Britain.

That $XOP short from the 16th based on Dec 33x puts is finally starting to kick in.

Something about to happen with $IAC... bullish risk reversal bought for December after similar buying of Jan 75x calls earlier this month.
IAC 12/16/2016 70x Calls, 2500@$1.0499
MV: $0.3M | $Not.: $6.3M | OI: 2024 | 7.5% TotalOI
18.6% StockVolume | 46.4% OptionVolume
Leg: IAC 12/16/2016 65x Puts, 2500 on OI of 2258

Exposures back down to 80% long by 20% short after our best week, literally 10% since Trump with $SPY only up 3%.

Massive put buying just now for $XOP Dec 33x.  Someone is betting oil and gas will drop 13% by year end (from OPEC, Trump, who knows).
XOP 12/16/2016 33x Puts, 93325@$0.4199
MV: $3.9M | $Not.: $50.2M | OI: 64402 | 4.9% TotalOI
13.5% StockVolume | 34.6% OptionVolume

Make that 4% with $SPY up 1%.

Up over 2% today post-election despite $SPY down and TT 150% long. Pretty incredible. Looks like stock selection is finally back with our biggest gains in healthcare and materials like $NBIX, $EGRX, $STLD.  That $KOF short from way back due to put buying suddenly makes sense given Trump's adversity to Mexico.

Adding $IYR and $XLB as short term bottom plays as well. No major indices like $SPY or $QQQ yet though.

Picking up $XHB on a potential bounce from the low of the last 6 months.