Tuesday, September 2, 2008
Option Model
new spread: 10% SPY Nov 130 Calls and 10% SPY Nov 130 Puts
Plan: I put on this spread this AM, 9/2
new: 5% Dec SPY Puts (SP500 now 1301)
Plan: I bought some this AM 9/2, expecting SP500 to get below 1260 sometime in next 2 weeks
new: was 2.5%, now 5% GLD December Calls (GDX now 34.80 / 35.05)
Plan: Gold is taking a big hit this AM, and I am doubling up on this position
Spread: 4% into USO Jan 09 120 Put (9.30) USO is Oil eft, last 110.90, simultaneously 4% into GLD Jan 09 Calls (8.30) GLD is Gold etf. This is a spread... Long Gold while Short Oil
Plan: I plan to hold this spread for a couple months, it is at a slight loss now.
Plan: I put on this spread this AM, 9/2
new: 5% Dec SPY Puts (SP500 now 1301)
Plan: I bought some this AM 9/2, expecting SP500 to get below 1260 sometime in next 2 weeks
new: was 2.5%, now 5% GLD December Calls (GDX now 34.80 / 35.05)
Plan: Gold is taking a big hit this AM, and I am doubling up on this position
Spread: 4% into USO Jan 09 120 Put (9.30) USO is Oil eft, last 110.90, simultaneously 4% into GLD Jan 09 Calls (8.30) GLD is Gold etf. This is a spread... Long Gold while Short Oil
Plan: I plan to hold this spread for a couple months, it is at a slight loss now.
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