Updating Message 32445234
(1) Closed positions
(1-a) Bought back NOK Apr 17 '20 Put 3 finance.yahoo.com @ 0.12, at dead even, freeing up cash, given less need for alt-Ericsson-hedge - doubt systemic market collapse shall happen in broader market before end April, and in view that team USA intending to underwrite a non-USA Nokia w/ tax / printed dollars
(1-b) Bought back KO finance.yahoo.com Dec 20 '19 Put strike 52.50 @ 0.14, down from 0.99 when shorted, so the wager is exhausted in my favor, freeing up capacity
(1-c) Bought back GDXJ Dec 20 '19 Put 37 finance.yahoo.com @ 0.19, down from 0.85 when shorted, a fair return. Want to start a different position and did not need the residual distraction
(1-d) Bought back MCD finance.yahoo.com Dec 20 '19 Put strike 190 @ 0.97 against 2.29 when shorted. Healthy return. Yes, left much on the table, but needed to de-distract, intending to take advantage and short January puts when opportune, and claimed enough to call it a big win.
(1-e) Sold off QQQ Mar 20 ‘20 finance.yahoo.com Put strike 201 @ 7.07, tiniest loss from purchase cost 7.18. Firmed up my premise of no-crash before end-March.
(1-f) Sold off BA Jan 17 ’20 finance.yahoo.com Put strike 360 @ 16.90, good enough as bought at 11.59. Boeing continues to have problems and roaches, and I intend to extract more sustenance from its woebegone state. I like the volatility.
(2) Just arrive in HK from Beijing.
I like visiting the mainland and dialogue, share meals, trade rumors, etc etc, and also I occasionally get island fever and just need to get off of HK island.
All looked and looks Ok, now hankering for ultra harsh session of reflexology, so am heading to Big Relaxing Feet. Better to game the system tonight when market opens.
(3) Ideas
The market should ramp up between now and end-March, and should it not, we can safely go short. One nice thing about bubble-of-everything is that we get to short everything when the time is nigh.
Am guessing that this night i need to do something about gold, mining, and their assorted derivatives, and
Again do some burgers and cola, and airplanes.
Oil is deserving of thoughts; if Trump loses, oil up? Should trade war keep going, oil down? Timing is perhaps one play now, for oil down, and another play timed to trigger later, should the electioneering go beyond discussion about genders and such.
(4) Positions now at ...
(4-a) Short ERIC Apr 17 '20 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 (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-d) Long Hang Seng Bank finance.yahoo.com @ HK$ 169.90
(4-e) Long China Mobile finance.yahoo.com @ HK$ 66.45
(4-f) Long paper gold since forever, cost basis ~$1,337 per troy ounce
(4-g) Palladium against platinum
- Short Palladium PALL finance.yahoo.com @ 169.01
- Long Platinum PPLT finance.yahoo.com @ 86.86
- Short PALL again finance.yahoo.com @ 168.14
- Long PPLT again finance.yahoo.com @ 88.09
- Long PPLT finance.yahoo.com @ 85.875
- Short PALL finance.yahoo.com @ 172.90
(4-h) Long MCD finance.yahoo.com @ 194.30
(4-i) Short MCD finance.yahoo.com Jan 17 '20 Call strike 195 @ 4.50
(4-j) Long MU Jan 17 ‘20 finance.yahoo.com Put strike 44 @ 2.12
(4-k) Long BYND Jan 17 ‘20 finance.yahoo.com Put strike 75 @ 5.26
(4-l) Long PetroChina ( 0857.hk) finance.yahoo.com @ HK$ 3.61
(4-m) Short ExxonMobil finance.yahoo.com Jan 20 '20 Put strike 67.50 @ 1.35
(4-n) Short CEO (CNOOC) finance.yahoo.com Jan 20 '20 Put strike 140 @ 3.00 |
