hello pezz, tonight's report
(i) shorted covered call options on gold miner etf (gdx) finance.yahoo.com (march, strike 50) @ 1.81, for i need some funding for sustenance, including but not limited to food, drinks, utilities, education, gas, entertainment, airplane ticket, maid services, starbucks mint mocha, lessons for skating, kung fu, piano, gymnastics, ballet, and the list goes on and on
(ii) purchased material measure of platinum etf finance.yahoo.com @ 162.9/oz because i like its heft, figure the wager might well provide for future sustenannce
(iii) purchased large tranche of palladium etf finance.yahoo.com @ 46.21 since i enjoy its shine, and because i like balancing off the strategic metals in pairs - who knows, maybe one of the two platinum group metals eventually would be elevated to 'unobtainium" status per avatar the movie
while i realize that all of the bets are highly volatile wagers, i am psychologically o.k. as i can take comfort from the enormous gains already made from same theme over the past 100 months via longs on physical, certificate, mining shares, by way of options.
it saddens me that i may have to exit these positions w/i 60 days, and it frightens me that i might have to summon courage to engage with more of same within same time span.
in any case, the gdx option trade above paid for 20% of each of the above pt and pd wagers - so i am doing speculation judo, borrowing the energy of the market to tip over the exchange.
cheers, tj |
