Long TWTR. Bought at 38 and 40. Out at 48 for 20% profit. Thanks.
Long USO, March 20 Calls. – Out. Bought at .78. Final Exit at 1.08.
Might be too early to call a bottom on oil. We’ll look for a more strategic long positions when we see:
1. $OVX, oil volatility index retreat to 20’s. This historically trades in the teens. Last print 55. Folks too jittery here.
2. Prices in futures term structure come in line. We’re looking a massive gap from front to back here.
No Current Positions.
Looking to get long WCIC on breakout over 20.25.