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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: zamboz who wrote (161825)	8/28/2020 5:47:24 PM
From: TobagoJack	1 Recommendation Recommended By zamboz Read Replies (2) \| Respond to of 218737

Re <<bail>> I cannot harmlessly bail on gold / near-gold / alt-gold, for even as DRD shows a big unrealized gain, due to the attendant options positions (shorted calls and shorted puts) all sport wide-gap bid / ask and given the inefficiency (or deserved) option pricing much more gain remain in the options when they expire. It is as if should I exit now I owe a nasty gains tax, and should I wait out the clock, gains prospect increase even as gains tax goes to zero. Crazy, as long as DRD trades at current levels 14-15, option bid / ask wide and too-rich to buy, too-poor to sell (I had been transacting at mid-price to open the positions, but cannot close at mid-price). Bulk of positions expire mid-October, ~80 days. Tolerable for gold / alt-gold. Intolerable for TSLA, that which funds gold plays. So, general vector, remain net short-duration short TSLA and net longer-duration long DRD.