hello 2mar$, last night's report:
(i) nothing done, as already positioned for whatever comes next
(ii) september option expirations coming up
(a) expecting this june 4th trade (shorted newmont mining september put strike 50) Message 28186105 to go bad on counterparty resulting in me soon booking the premium to cancel out vacation spends
(b) it was good that i followed up on the june 6th newmont mining trade w/ this (long nem at 51-52) Message 28190635 , else would be newmontless
(c) the successive silver wheaton slw trades (thus constituting a campaign) is also working out okay as the sept series of shorted put options looks to go kaboom on counterparty
2012 01 12 Message 27876378
"... sold puts on finance.yahoo.com Silver Wheaton SLW strike 30 expiry: Mar 17, 2012 at 1.93 (open position) ..."
2012 03 02 Message 27986536
"... On another front, as n when, am ready to dramatically cloud-atm extract (looking for weakness to sell more puts) from SLW. High energy price is extremely negative for mining, and negative for mining is good for mining royalty deal-making..."
2012 05 05 Message 27990530
"... sold covered calls at the money or slight above, all April expiration, at market, on many shares (gld, slv, gdx, gdxj, fnv, SLW, abx, remx, clf, paas), and leaving alone nly, arcc, cpf and mcd..."
2012 03 27 Message 28039569
"... Sold SLW puts April strike 34 @ 1.33 ..."
2012 06 06 Message 28190744
"... Shorted silver wheaton (SLW) sept put strike 28 @ 2.80, hoping to average down on my accumulation of SLW..."
at the current rate, the cost basis of my silver wheaton should break below zero soon enough, allowing for 'strong-hand' hold over the expected long silver bull, until just before the eventual triple waterfall deluge or kingdom-come, whichever event happens first
(iii) other open options are also doing well (august 10th looks to be a productive day and the reflections over holiday seems to have been useful)
(a) 2012 08 10 Message 28327320
"... (ii) i sold (nu skin) NUS dec put strike 40 @ 3.70..."
(b) 2012 08 10 Message 28327320
"... (i-a) bought (triangle petroleum) TPLM @ 6.36
(i-b) sold TPLM jan covered calls strike 7.50 @ 0.55
(i-c) sold TPLM jan put strike 7.50 @ 1.65 ..."
looks like shorting puts at strike price significantly above then market price was not as risky as it looked. have yet to find out anything re tplm.
(iv) need to figure out soonest what put options to short because i have been tardy on withdraws from the cloud atm that is part of the nyse bank, and living expenses and private equity drawdowns are calling. i must answer the call of duty.
am wondering if any difference would be depending on usa november election outcome, and am doubtful.
seems that the least i should do is to repeat withdraws via fnv, slw, gdx.
am for once and rarely noting the pitiful china shares which are almost as bad as the greek shares.
cheers, tj |
