Hello hm, tonight's report,
As we are again in familiar but dangerous, uncharted and suspect arena, and as I am dubious that any set battle would play out exactly the same way, I executed in sufficient quantity to offset my entire hoard of paper everything
(i) bought spy march 30th 2012 put strike 100 @ 8.03
(ii) bought slv april 2012 strike 20 @ 1.31
(iii) bought gld march 30th 2012 put strike 110 @ 1.41-1.45
I am exceedingly suspicious that the current sub script would play out as did the lead-up and main strike of the Lehman incident, but I cannot take the chance because unlike the horrible nights of Lehman I now have a substantive position at the burning stake that I am unwilling to see smolder then burn.
I am unwilling to go outright short, and am of the belief that whatever happens for this sub plot (euro wobble) it would happen w/i 6 months.
I may short spy going forward on bounce, and I may add to gld puts on same bounce.
While I doubt I would collect on the gld puts, I am less sure about not collecting on the slv puts.
I am fairly certain about collecting on the spy puts.
In any case, thus shielded somewhat on the down side against replay of 2008 q4 / 2009 q1, I can now play again, to death match, and to extract from cloud ATM.
Cheers, tj |
