Hello pezz, tonight's report: as expression of macro view, I had ...
Executed below:
(1) Shorted enough puts NLY April 2011, strike 18, at USD 1.15
(2) bought enough PAAS at USD 39.75
- sold equal covered Calls April 2011, 42 at USD 2.7098
- sold equal Puts April 2011, 38 at USD 2.8072
(3) bought enough FCX at USD 115
- sold same Put FCX, 105, may 2011 at USD 7.75
- sold same covered Call FCX, 119, may 2011 at USD 9.60
Putting earlier gains on risk's path. Simply believe we would be range-bound or bias-up between now and april / may. If crash, we would be bailed out by aug/sept.
I am making it up as I go, w/ the force.
Brave talk: Happy enough to have more of above or keep premium cash. If called away, not fussed.
Besides, need cash to buy gold.
Cheers, tj |
