hello pezz, last night's report:
(i) this trade Message 26308743 <<the shorted gdx march strike 42 puts ... executed at 2.59>> expired worthless on my worth-less counterparty, a good happening; and
(ii) this trade Message 26331834 <<shorted covered calls on gdx march 44 at 2.26 - 2.27>> enabled me to shake off my gdx long position at 44, booking the 2.26 premium as unencumbered proceeds, adding to the 44 taking, when gdx itself closed at 45.31; i.e. i can buy back at 45.31 what i sold at 46.26, or just short more puts as in part (i) of the program, as i know have more capacity, being less encumbered, so, another good happening.
i figure on shorting gdx puts at some juncture in the coming week, since i really should have some gdx in inventory, or build up some more well deserved gains to buy food, pay tuition, invite friends out, take a holiday, or help boost capacity to short some gdx calls.
wall street types try to make speculation seem like investment, when all it be is a computer game, and an easy one at that. on-line unreal tournament last man standing death match is a much more challenging game.
cheers, tj
p.s. oh, and yes, just a tallying reminder, the gdx positions were built here
Message 25506414 (march 19th, 2009) <<cabal of sabotage experts, troops of special ops, legions of field armies, and phalanx of occupation troops took massive positions on GDX hill, valley, entry, exit, town square, airfield, mayor's office, hospitals, schools, broadcasting stations, harbour, bus depot, and subway terminals, at average price of 36.82>>
and topped up here
Message 25664444 (may 22nd, 2009) <<(i) added to GDX @ 41.9492
(ii) shorted GDX july put strike 40 @ 2.35>>
iow, the gdx cost basis were really quite low, made lower still by the concurrent short put during top up.
all in all, a campaign well executed, and righteously rewarded. |
