Hello Pezz, Last Night’s Report:
(a) Closed out this natural trade by buying back NEM March Put 22.5 at cost of 0.20/shr, and NEM June Put 20 at cost of 0.5/shr, netting 1.75/shr time decay loot and 1.15/shr volatility wager, for selling volatility, time, and perceived need for but really unnecessary downside protection.
Message 18232884
November 14th, 2002
Hello Pezz, Tonight's Report:
For pocket money in the months ahead, I shorted:
(a) NEM March Put 22.5 @ 1.95
(b) NEM June Put 20 @ 1.65
And …
(b) Closed out this trade by buying back samo samo at cost of 0.35/shr, netting 1.25/shr underserved gain.
Message 18247181
November 18th, 2002
Hello Pezz, Tonight's Report: shorted -
(a) FREEPORT-MCMORAN COPPER & GOLD (FCX ) May Put Strike 12.5 @ 1.6x/shr
… for more pocket money.
Note to Maurice: This is like selling insurance to zombies who want to buy insurance on their money, which needs no insurance, because it is gold in the ground. As good as a free lunch.
Chugs, Jay
P.S. and this became fact ...
Message 18602403 |
