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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: penthouse mike who wrote (28579)	1/22/2012 7:15:52 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222316

No, I closed out my calls for the SP's and the $SOX indices... I still have them for the NAZ, DOW, and Russell 2000... until recently, when I had all the covered calls on, I wrote the February at the money calls for everything because I was expecting to see a pull back into late January, but since that never materialized, I removed all of them and rewrote the calls for those few indices deferred to June and July about 15% out of the money (these are 3X ETF shares, so it would pretty much coincide with the cash SP reaching around 1370ish or so by mid summer)... I hope that's helpful... GZ

To: penthouse mike who wrote (28579)	1/22/2012 7:53:25 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222316

I should also mention that I'm also long the gold and silver markets without any written calls... I think those two markets have already broken out and are on route to new highs since the confirmed buy signals on December 30th... we still need to see gold close above 1668.70 on Monday to confirm a second major buy signal... I think it's only a matter of time before we see that happen, silver has already launched from the pad last week and is well on its way to 37ish, then on to new highs soon thereafter... GZ