Added to VXX positions.
- Sold SVXY Aug slightly OTM puts
- Sold VXX Aug/Sep deep ITM calls
- Sold VXX near the money calls
- Sold VXX share
It was very tempting to close my market shorts in the morning but decided to keep them as hedge for VXX shorts. A little bit worried as VXX was staying above and close to $23 for long time today. It did allow me to short more at higher price but time will tell whether it was opportunity or trap.
Eyeing on GLD long, JO long and CSTR short. Wanted to short CSTR around 60 - 61 but didn't work out. Maybe I will wait until it gains strength going into earnings next month.
I'm looking at S&P short term support at 1565 and then 1535. Maybe I'll start closing more market shorts around 1535.