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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: pezz who wrote (71987)4/18/2011 8:26:52 AM
From: TobagoJack1 Recommendation  Read Replies (2) of 217626
 
hello pezz, today's report:

(i) evaluated architect's plan for renovating the rooms at oasispark.com in preparation for capital call on the fellowship. the 47-rooms renovation will run about 18k each.

we have just completed the reno of the public space, and i have partook in the ambiance over sunday afternoon and night. a+

we have yet to update the website since embracing with the hotel

(ii) came back to hong kong in the late afternoon, and am notified that

"Further to the April expiry of the Calls on PAAS, strike 42, please note that _____ PAAS shares are now freely available again"

the paas calls were shorted here Message 27040485
<<(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>>


the paas put 38 were not put to me for whatever reason, perhaps a reward for my altruism.

(iii) only 6% of the outstanding april puts on annaly (nly) strike 18 (shorted here Message 27040485 at 1.15) were put to me, and the rest expired harmless even thought they were very much in the money and against me ... luck of the draw, or, again a reward for my altruism.

i have more october nly short puts
Message 27311090 (october strike 17)

shorting nly puts is about as close to free money as one can get.

cheers, tj
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