Bros before Macros

[Timmy Picklez]

Position Update - May 8

No change:
Short NQ @ 13215
AAPL 170p 10/20 @ 10

Trades:
KRE - sold the 35c I had right at the open for a tidy little profit that I wasn't expecting. The equity dropped about 2.50 from there.

KRE - bought 38p Dec'15 @ 5.10 avg. I meant to do this as soon as I sold the calls, but forgot. Remembered and hour later and got in there, obviously a bit more expensive.

After I get out of this NQ position (by Wednesday, I think...), I won't touch it again until AAPL breaks 160 to confirm a new dowtrend. QQQ is just not coming down and I'm tired of fighting it. There's much better individual stocks to focus on right now that I'm missing due to NQ position distraction.

There's two banking reports coming out today - one at 2pm EST (loan survey) and a big one at 4pm EST (from the Fed). There will be a reaction to the 4pm one.