From BFFs to Frenemies...

This week, as the bullish uptrend threatened to end, BFFs quickly turned into frenemies, with last-minute put buyers jumping in to cover their assets.  But strangely, the dynamics feel a little bit different now.

Commodities quietly crept up today, with WTI, Brent, and gold all finishing firmly in the green.  Losses at the DJT were truncated and the VIX closed with a much smaller gain.

I must say things were a little bit more fun when puts were less expensive and people were a little less prepared.  The semi-bear trade seems a lot more crowded now, which means profits are a little harder to come by.  Perhaps I played it wrong by jumping in and out, but I've pocketed quite a bit of profits this week, so I shouldn't be pouty.  

I've increased position size on the TVIX and decreased position size on SPY puts.  I also added an experimental issue of SPY calls in the event the Market Makers decide to ding the naked call sellers rather than put sellers.

Why not ding them all?  

+2.17% SBA (after a little bit of profit-taking, but far less fun than yesterday)
+0.18% Roth IRA (TVIX profit-taking + share buyback)

-0.56% DJIA
-1.20% Nasdaq
-0.67% S&P 

-0.01% FTSE
-0.03% Eurofirst
-1.22% Nikkei
+0.17% Shanghai
+1.52% SENSEX (Is it too late to be SLT-ty?)

+1.95% WTI
+2.13% Brent
+0.64% Gold
+0.53% Copper
-2.42% Corn

No major forexy moves

-0.09% DJT
+5.21% VIX