have turned cautious or adventurous since Monday and especially in the last 24 hours (what qualifies as intermediate term these times), depending on PoV
got on and rapidly off-loaded long UDOW but kept the long SPY calls at small loss
closed most DRD short puts at large profits, to ready for the next reload, but kept the DRD longs bought along the way since onset of lockdown / stay-in / whatever, and shall hold on / hang on, for the longer term, until whenever but guessing far into the future.
In the coming round intend to step up commitment to DRD, and RGLD, and ... well ... the usual suspects.
do not have paper gold at this juncture, for do not like to leak value when paper gold goes down even as I do not mark to market physical gold.
I suspect gold and Tesla share one trait within reasonable parameter range, that when each starts to go down, no bids stand in the way.
shorted a dab of TSLA puts (strike 500s) last night and I do not know why, probably to sleep better as TSLA rises, but shorted a lot more TSLA naked calls (strike 1000s) and I do know why, to better position for inevitable fall,
even as had re-upped short TSLA itself on Monday - seems have developed an addiction I cannot shake, or a computer game too riveting to leave.
The hedge funds and other short TSLA players are, I believe, in the majority doing it by shorting the shares and by going long the puts. I prefer shorting the calls, for the intermediate term, and shorting the shares for either short or long term. I got the time as long as my opposites are willing to buy. I like cash in my hands.
in the meantime, due to Jack's more adventurous approach, and the Coconut's natural inertia, the Coconut is ahead of the Jack, 25% to 17% YTD, but am hoping that the Jack shall pull ahead in the coming several months. The Coconut spells it out for me, "dada does a lot but goes nowhere". Daughters bite.
My TSLA order of battle requires moderate focus, I think, and I think of the simultaneous equations essentially as a cash generator, akin to ocean wave power stations, up and down and up again, providing warmth and light, hopefully, as opposed to chills and flashes, here be readout of positions, all shorts including the puts, ranging at the far end, 1800 strike, June 2022, and at the immediate edge, strike 1000, tonight. The 'tonight' shall see my counterparty carried away in stretcher. On the side I have short TSLA equity position.
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