Updating Message 32397685 (w/ correction November, in <<(3-iii) Short BYND finance.yahoo.com November 29th Put strike 80 @ 4.25>> of Message 32399204
(1) Closed positions to free up capacity, reduce superfluous risk, and take up new initiatives, and to claim winnings
(1-i) At 0.26 << Short GDXJ finance.yahoo.com Nov 15th Put strike 37 @ 1.27>>
(1-ii) At 0.20 << Short GLD finance.yahoo.com Nov 15th Put strike 139 @ 1.21>>
(1-iii) At 0.15 <<Long QQQ finance.yahoo.com Dec 20th Put strike 160 @ 0.45>> - tolerable and calculated loss, well w/i hedge design spec.
(1-iv) At 3.75 <<BA (Boeing) finance.yahoo.com
- Shorted BA Nov 15th Put strike 335 @ 6.55>> - this win is reduced by the earlier pair-trade loss Message 32392853 << Closed the long put position <<Long BA Nov 15th Put strike 325 @ 4.05>> at 2.52 >>, with the entangled net net being 1.27. Good enough.
Of the above, (1-i) through (1-iii) had contributed enough to the greater good, and (1-iv) had been enough support of BA given the risk. Whilst the company is not a zero, I fear there would be more delays to 737 Max anything re-launch.
(2) Launched new initiatives
(2-i) Short BYND finance.yahoo.com November 29th Put strike 80 @ 4.25
The stock had just inclined down and then suffered a tumble. Whilst am not convinced of its valuation especially given the locked-up insiders newly unlocked, i believe 28 days of risk at 80-level is okay. Have yet to taste the Neo-burger / alt-burger.
Need to think MCD finance.yahoo.com implications
(2-ii) Shorted ERIC finance.yahoo.com April 17th Put strike 7 @ 0.13 (in volume twice as large as Long in NOK Put)
Believe ERIC is a better company than NOK, and am shorting its Put over the period during which its superiority over NOK, if any, shall express itself; believe ERIC and NOK shall take 5G shares away from each other even as they get hobbled by team Huawei.
(2-iii) Long NOK finance.yahoo.com April 17th Put strike 3 @ 0.12 (in volume half as much as Short in ERIC Put)
Believe NOK may eventually go down for the count unless merged / brought out, or bailed out. Should NOK go up, then ERIC should as well (or not go down too much). Have the ‘excess’ funding financing from ERIC to to/fro, zig/zag, and up/down the ‘paired’ entangled positions.
(2-iv) Still contemplating MU chips, and possible re-up of TLT, SPY, and gold macro plays.
(3) Positions now at ...
(3-i) Short TLT Dec 20th Put strike 138 @ 2.35
(3-ii) Short SPY finance.yahoo.com Dec 20th Put strike 298 @ 6.43
(3-iii) Short BYND finance.yahoo.com November 29th Put strike 80 @ 4.25
(3-iv) Shorted ERIC finance.yahoo.com April 17th Put strike 7 @ 0.13 (in volume twice as large as Long in NOK Put)
(3-v) Long NOK finance.yahoo.com April 17th Put strike 3 @ 0.12 (in volume half as much as Short in ERIC Put)
(3-vi) Long (forever) HKEX finance.yahoo.com at all sorts of prices and taking in dividends (meaning position at loss state) at dividend adjusted cost basis of HK$ 282 (ouch)
(3-vii) Long Hang Seng Bank finance.yahoo.com @ HK$ 169.90
(3-viii) Long China Mobile finance.yahoo.com @ HK$ 66.45
(3-ix) Long paper gold since forever, cost basis ~$1,337 per troy ounce
(3-x) Palladium against platinum
- Shorted Palladium PALL finance.yahoo.com @ 169.01
- Long Platinum PPLT finance.yahoo.com at 86.86
(4) Am filtering all rumination through lens of 2020 electioneering, trade war, and consequent FED / CBs policies.
A computer game.
The Jack is gung-ho to do taste test of Beyond Meat :0) |
