Posting of Real-Time Trades and a VERY SIMPLE technique that makes TRADING SIMPLE!!!
SKF $106 and dropping...
wonderful...mdp
Craziness....Since last post, I bought SKF DR @ 5$Wrote covered calls for PAL DU strike at 7.5$ and SA DF strike at 30$So....for those of you using me as a guineau pig :D ;) Here are my option positions:CALLS:POTASH: PYP DL, 500$/contractFCX: FCX DA, 168$/contractSKF: SKF DR, 500$/contractCOVERED CALLS:Seabridge: SA DF, took 40$/contractPAL: PAL DU, took 25$/contractYamana: AUY DT, took 32$/contractThese are now a "just in case" everything goes to hell in a handbasket" bet. They really wont do much to save me, but it will be a bit of a hedge.The covered calls should have been in place a long time ago given the run up we had. My belief Joe is that the writing of covered calls essentially accomplishes the profit taking and shorting pieces of our strategies all at once.John
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SKF $106 and dropping...
wonderful...mdp
Craziness....
Since last post, I bought SKF DR @ 5$
Wrote covered calls for PAL DU strike at 7.5$ and SA DF strike at 30$
So....for those of you using me as a guineau pig :D ;) Here are my option positions:
CALLS:
POTASH: PYP DL, 500$/contract
FCX: FCX DA, 168$/contract
SKF: SKF DR, 500$/contract
COVERED CALLS:
Seabridge: SA DF, took 40$/contract
PAL: PAL DU, took 25$/contract
Yamana: AUY DT, took 32$/contract
These are now a "just in case" everything goes to hell in a handbasket" bet. They really wont do much to save me, but it will be a bit of a hedge.
The covered calls should have been in place a long time ago given the run up we had.
My belief Joe is that the writing of covered calls essentially accomplishes the profit taking and shorting pieces of our strategies all at once.
John
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