Hi DJ, The volatility premium is still too high for Q puts, for now.
I am actually just happy to watch my previously shorted puts of the non-precious metal variety moving away from their respective strike prices, and I am strangely, suspiciously, happy about NEM and the rest of the PM shares, along with paper gold moving into the killing range. I feel a lot more satisfied winning at a zero sum game then one where there are more chips for everyone;0)
And, on my recent HK purchases of HSBC, BoC, and the rest of the Chinese/HK shares, some are up 5% already, and by Xmas/New Years, barring war, gains should induce light-headed happiness also.
Actually, end of period December and early January will be unloading time for most shares.
I am wondering if Pezz is busy buying, as he should be, until his eyeballs pop out;0)
Chugs, Jay |
