I am ashamed to say I am net long, because I cannot stop millions of eager ‘investors’ working as I am, from home, or pretending to working from home.
As far as <<gold>> is concerned, I am as before, having positions only in physical and by DRD, and by short calls and short puts. My always-stance for all-weather go-to-terminal-stop for capital. I do not mark-to-market for physical. I mark-to-weight. DRD plays are just to get closer to more-gold. I currently do not have paper gold. The only mining shares I have are copper (not enough to mention) and PGM play SBSW. Had always held platinum metal, goes well w/ gold metal.
This night I off-loaded TSLA March Calls Strike-780 at profit given that it is deep in the money and devoid of energetic leverage, and I went long TSLA Feb 19 Calls Strike-1250 for fresh leverage. The reasoning being that if TSLA continues to go crazy, I need max leverage, ala selling at 157 and buying at 18.x. The trade may well blow up on me. Let’s see.
By the same logic, and I cannot look at myself in the mirror, wagered on PLUG finance.yahoo.com . Am okay w/ PLUG as LTBH for I believe hydrogen is the way to go for long-distance vehicular movements. Am not proud of PLUG call options w/ short duration to expiration, a gaming move. PLUG wager is financed w/ the troops evacuated out of the following QQQ / SPY trades, to make amends for a sin.
I, again ashamedly, closed out my long Puts on QQQ and SPY bought a few days ago, at small loss, because it appears to me that the sharp but by global standard truly quite limited mob violence shall give way to the more usual prolonged class-struggle, that which can only be hedged by long-term gold and not by short-term Puts on major indices. I might be wrong about the short term thing and willing to change tact quickly.
Once more am ashamed to note I sold still-more ‘I will not touch it’ GBTC, that which has appreciated too much however justifiable since my “in” in early October. The position remains large, at 21% of peak stake size, but now I can sleep much better by trading in ‘I wake-up better’, and can dispassionately tolerate any 50%+ drawdown and still do positive actions. OTOH should GBTC go 5X from here without looking back, would be fabulous.
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