We've set up our 2015 option trade journal, and you can see track our trades and monitor our results in real time here. Into the close on Friday, we sold a short spread on the XLE, which is overbought with negative money flow and relative strength. With market direction having transitioned from bearish to neutral, our trading will favor short spreads on either side of the market. We'll sell bullish spreads on Very Bullish rated stocks in strong industry groups at support and bearish spreads on Very Bearish rated stocks in weak industry groups. With a high $VIX, we'll be net sellers of premium. Because we're managing a long only stock portfolio, we favor bearish spreads to offset some of the directional risk of our long holdings.
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