Nice action today, thanks to the solid earnings.
1. I repositioned my market puts to the July 134 SPY Puts.
2. Actively trading IBM. Super cheap, but that is all relative. I bought a bunch of calls in the AM, and sold a few just now into the after noon strength. Will maintain what I have now, or re-enter if it gets weaker. (I just worry about next week, the SPY-Vix overlay that I highlighted last week is present again. And as the fuel of strong earnings dissipates, the cautiousness highlighted in 'swimming in it' will persist.)
3. Sold DIS. (Will look to re-enter, but its at the resistance points I mentioned in 'my easter basket' post.)
4. I entered AOL. I am a fan of the technical set up. It looks to want to break out toward 22-23. More on this later.