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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: carranza2 who wrote (150745)9/24/2019 3:48:44 PM
From: TobagoJack  Read Replies (3) of 217629
 
Update on Message 32329361

<<SIL Oct 18 '19 Put 31 @ 1.45 currently in negative position but let us give time-decay a proper chance to do wet work
GDXJ Oct 18 '19 Put 40 @ 1.62 ditto>>

Now in positive position on both due to time-decay and valuation re-rate, and am getting out whilst the getting is okay, simply because I do not really like October as a rule.

Closed the short Put positions:
SIL @ 1.05, and
GDXJ @ 1.21

Négligeable profits and no losses. My mind emphasis is on no-losses in the short term, as I feel I am playing speculation as opposed to investing capital, in line w/ the rigour required of fiat money inflation in enough places. Re-grouping to fight another day; want to see if the market will allow me an equivalent trade with modest extension of time-risk but at improved strike price.

Noted earlier, shall try to avoid individual stock risks by limiting gaming to ETFs (difficult to altogether / all-the-time avoid FNV & PAAS).
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