Editors Note:

At some point in a poker game you have to decide to either fold or play the cards you have been dealt. I am recommending we continue to hold our current positions ahead of what could be a significant market event.

If you are just dying for something to play, buy February calls on the $VIX. The $15 call is now $2.20 and a spike to the $20 level would be a decent payday. I am not recommending it because we already have four shorts in anticipation of a January decline.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays