21:11 h GMT: I closed the THC DEC16 call with a profit and sold a JAN17 call @23 to stick to my covered call. The decline was strong today, escorted with high volume and i took out some of my positions.
1. Close DO @ 16.72 with a profit of 0,19 R
2. Close LYB @ 78,21 with a profit of 0,04 R
3. Close a small portion of my SPY shorts with a profit of 0,02
4. Close TSO @ 83,17 with a profit of 0,48 R
I wanted to reduce my exposure to each side and will wait for a decision of the market. Still holding my SPY shorts and a couple of good and bad stock positions. Today VIX rose above 20 but closed below @ 18,56. Planning to sell some puts on the stocks i closed today. Some type of action is coming in, time will tell the story.