hello pezz, last night's report:
(i) shorted GDX Put strike 46 April @ USD 0.64
(ii) shorted GDX Put strike 46 June @ USD 2.41
after just a few days of executing this action Message 26429879
short a whole lot of gdx put options, may, strike 46, at 2.17 average
starting out from this stance Message 26414156
because i am 'bullish' on
- euro piigs ;0)
- usa mid-term elections
- budgets of california and some 40 other states of the union
- geithner put, bernanke promise, capitol hill lie, and obama spin
- china boomlette
- japan anguish
and because i need to book either income or engage with gdx inventory for april, may, and june, else i would not have anything to disengage from come later this year or earlier next year, just as i did for Message 26400403
2009 march, may, july, october and december, and 2010 january, february, and march.
i find this globalized economy very strange, that one could just take money from thin air and spend it.
whereas i did take quite a few stock valuation and option pricing courses while in graduate school, then able to derive, pencil on paper, the option pricing formulae from electrical engineering wave equations, neither of which i understood, i cannot say i ever did any dd due diligence on stocks, or exercised option formulae on calls and puts
i try, instead, to exercise much astute agility as one must and would in on-line unreal tournament last man standing deathmatch
cheers, tj
p.s. i figure erita must learn risk and monopoly and kung fu well, and jack must immerse in risk, monopoly, kung fu, electronic gadgets, and computer games, and both must deal well with good folks by being generous at heart ... etc etc |
