March 2016

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A little summary to date

Dec 21 15	b500ELLI	$60.40	Feb 19	s500ELLI	$82	+$10,800
Jan 5 16	b1000INVN	$9.40
Jan 5 16	b500SKX	$29.20
Jan 7 16	b500JKX	$22.16
Jan 11 16	ss1VIX July	$22.35	Feb 19	b1VIX July	$23.00	-$750
Jan 14 16	b500JKS	$18.90
Jan 15 16	ss1VIX July	$23.00	Feb 19	bVIX July	$23.00	0
Jan 20 16	ss2VIX July	$23.90	Feb 3	b2VIX July	$21.95	+$3900
Jan 28 16	b1000MU	$9.90
Feb 4 16	b300DATA	$55.51
Feb 4 16	b200DATA	$52.40
Feb 5 16	b300DATA	$42.87
Feb 19 16	ss2VIX Sept	$23.10
Feb 24 16	b500IOC	$25.97
Feb 25 16	ss1000ELLI	$86.75	March 2	b1000ELLI	$82.52	+$4230
Mch 17 16	b500CTRP	$40
March 18	Realized					$18,180

Reasonably satisfied so far.

• We made one stupid mistake (to buy the 500 DATA when earnings were announced but the CC hadn't started yet and the stock collapsed which looked exaggerated at first. We bought on the assumption that AH markets are often exaggerating. But not this time..
• We could have been a little more aggressive, still mostly in cash, but we don't see a whole lot of obvious opportunities out there and there were considerable risks in the market the first two months.
• Quite happy with the ELLI run from $60 to $82, and the little short after.
• Shorting the VIX has also been good.
• We should have bought more CTRP yesterday, but the stock went down on earnings and the CC