Updating Message 32434769
(1) Went long PetroChina finance.yahoo.com at HK$ 3.61 (52-week low)
Big oil is unpopular in the USA and in China, and by the looks of the Aramco 'thing', unpopular everywhere, even as the old companies sits on lots of goodies collected over the eons, and are generating cash flow at attractive yields relative to the fixed income stuff including high (as opposed to ultra-high) yields.
The value propositions seem not-enough for markets intent on chasing tech. I bought in because hydrogen stuff does not yet pay a dividend, and without cash flow, we may never get to hydrogen world.
(2) Did ... walk together w/ the Jack on school holiday and my friend and neighbour practiced in moolah management. My friend is long and short opposed to directionally either way.
Climate warming is good for Hong Kong, makes our walks warmer in late November.
We then were joined by my friend's adult son and girlfriend to Friday brunch. I wanted the Jack to listen to the big kids. The Jack told all that he is long Coca Cola, MacDonald's, platinum, QQQ, and GDXJ, and is short palladium, and then concentrated on his Rome: Total War strategy game. Jack ordered duck confit instead of his usual pasta w/ cheese.
I napped after brunch, unplanned, Jack went on to do whatever, and my friend and all went to Macau for the weekend to play cards. He is evidently practiced at the science.
(3) Ideas
Pondering a campaign as opposed to a trade. PetroChina is listed in HK and the USA, and has options traded in the US.
(3-i) Dividends in the US attract a dividend withholding tax for offshore investors, which we of freedom HK do not care for no matter who is collecting such, for any purpose, from anyone including selves.
(3-ii) So, in theory I should go long the stock in HK, and play the options including shorting theoretically but not directly covered call options.
finance.yahoo.com
finance.yahoo.com
(3-iii) There seem to be quite a plenty of high-dividend energy companies everywhere, and given that either cash or equity shall burn or blowup, respectively, and tech stocks must fall before long, given their nature of cashflow-negative, and distribution-free - where are the traps? Must ruminate, and even if there are traps, are there ways to play as one would the German museum that got ... well ... too graphic insider.com <<Video shows the moment thieves smashed their way into a German museum before making off with $1.1 billion of jewels>>
finance.yahoo.com
finance.yahoo.com
finance.yahoo.com
finance.yahoo.com
finance.yahoo.com
(4) Positions now at ...
(4-a) Short ERIC April 17th Put strike 7 finance.yahoo.com @ 0.13 (in volume twice as large as Long in NOK Put)
(4-b) Short ERIC Apr 17 '20 Put 8 finance.yahoo.com @ 0.29
(4-c) Long NOK April 17th Put strike 3 finance.yahoo.com @ 0.12 (in volume half as much as Short in ERIC Put)
(4-d) Long NOK Apr 17 '20 Put 3 finance.yahoo.com @ 0.12
(4-e) Short GDXJ Dec 20 '19 Put 37 finance.yahoo.com @ 0.85
(4-f) Long (forever) HKEX finance.yahoo.com at all sorts of prices and taking in dividends (meaning position at loss state) at dividend adjusted cost basis of HK$ 282 (ouch)
(4-g) Long Hang Seng Bank finance.yahoo.com @ HK$ 169.90
(4-h) Long China Mobile finance.yahoo.com @ HK$ 66.45
(4-i) Long paper gold since forever, cost basis ~$1,337 per troy ounce
(4-j) Palladium against platinum
- Short Palladium PALL finance.yahoo.com @ 169.01
- Long Platinum PPLT finance.yahoo.com @ 86.86
- Short PALL again finance.yahoo.com @ 168.14
- Long PPLT again finance.yahoo.com @ 88.09
- Long Platinum PPLT finance.yahoo.com @ 85.875
(4-k) Short KO finance.yahoo.com Dec 20th '19 Put strike 52.50 @ 0.99
(4-l) Short MCD finance.yahoo.com Dec 20th '19 Put strike 190 @ 2.29
(4-m) Long MCD finance.yahoo.com @ 194.30
(4-n) Long BA Jan 17 ’20 finance.yahoo.com Put strike 360 @ 11.59
(4-o) Long MU Jan 17 ‘20 finance.yahoo.com Put strike 44 @ 2.12
(4-p) Long BYND Jan 17 ‘20 finance.yahoo.com Put strike 75 @ 5.26
(4-q) Long QQQ Mar 20 ‘20 finance.yahoo.com Put strike 201 @ 7.18
(4-r) Long PetroChina (0857.hk) finance.yahoo.com at HK$ 3.61
(4-s) Still need to short more PALL to be in better alignment w/ the Force |
