It's Been Awhile

My trades haven't been doing much. I had a couple of good trades shorting the VIX and selling SPY puts, as well as a support play on XLE. I'm up about 3%. Other than that, I'm still in the TLT short, but have made an adjustment:

By selling another put underneath the spread, my risk profile makes a transformation...

By selling another put for a credit, I have made it so that even if TLT keeps chugging higher, I now cannot lose money. I make a small $5 profit (per spread, so 5 x 12 = $60). However, if TLT does in fact decline, I will still make as much money as I would have before, so long as it does not decrease past 125. Nifty, right?

TLT has gone somewhat gangbusters because of the USD rally and the deflation fears. Plus, because its really the only thing performing in the past 8 months, fund managers are really piling into it. It looks like it could go full parabolic, just as treasuries did back in 2012.

I'm also tentatively short gold via GLD, as it has seen an explosive overbought move to the upside. Just a usual bollinger band short here, nothing different. +5 Mar 123/125p @ 1.00

And finally, I went short TSLA yesterday by selling calls. It tagged channel resistance and will probably head lower. Earnings are the week of February 17, so this has to move down quickly. But since I'm in Feb 20 calls, I may see some theta decay in my favor even if TSLA sits around 200. -3 Feb 220/225c @ 1.30

I'm going through another period of losing my mojo. The market isn't really trendy right now, so finding overbought/oversold stocks is hard to do. Most stocks are listing up and down, not really tagging any support or resistance levels... except one. I was looking at AAPL last week, ready to sell some high IV puts. I decided against it, however, because AAPL had earnings yesterday, not giving me enough time to profit beforehand. I regret taking it, because it would have been a killer trade!