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VXX: The range on these ETFs is incredible. I had a great morning short on it in the $13.60s but didn’t trust that SPY would continue to rebound. Then, the Steve Bannon news came out and SPY rocketed while VXX / UVXY dumped. SPY closed flat, but I think we gap up on Monday. If we do, I’ll be looking for all pops to short risking that $13.50s level from Friday. These always unwind faster and harder than anyone expects when the market starts to hold a trend up. Don’t want to miss it.
UVXY: Same plan as VXX. Will use the premium decay to my advantage.
SPWH: Looking for a push on $4.80, then some failed follow through momentum to get short.
FENG: I haven’t touched this stock yet, but hopefully a morning shove on $5 to dip my toes short on it.
JMEI: Not in too much of a rush to short this one. Looking for a jam near $4.00-$4.50 to get interested in the short play.
RTNB: ALL pops risk on $1.50s for more unwind.
IDXG: Still hanging around. I’ll keep it on side radar incase it decided to have a random pop near $1.40-$1.50
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