Early entry into $AIG. VIX calls paying off well today. Reduced exposure 25%. $HRB puts still looking good.
$AIG smoked earnings and scrubbed clean the business. I am going to get long.
$AIG is a good looking long for value hunters…I am going to wait until this current correction appears over to enter this one. Ben Graham would be proud to buy this company.
Vindication for the Bulls and $VIX longs. Up 19% with big buyers in the calls. $HRB is showing good profit, $VLO down big as well. $MPC down but I covered there before the down turn. Better to stick to my rules then to chase a stock. Is this a trend reversla for $SPYor just a hiccup? Comments welcome.
I am still long June calls on the $VIX, but my timing is off. Today I added June calls on $SPY to gain some exposure to the S&P and hedge the $VIX exposure. I should have done this to begin with but I thought I was hedged enough with some of my other long equities. Now I can afford to wait longer for the $VIX and $SPY to converge, at which point I will sell the $SPY calls of course.
Looking to $FNSR to break out…waiting for volume confirmation