Phew

I really enjoyed last nights selloff as a continuation of the recent weakness.

Today with GDP numbers out in the US I need to expect some news related volatility. I have been buying protection for my month end and to lock in some profit, however, instead of closing out my calls on the bounce I intend to write some volatility.

Once again if this is the start of the next wave 3 down then expect surprises on the downside and therefore my approach will be pretty rough as opposed to fine tuned as things are about to get volatile.