Tuesday, June 29, 2010

Monster Money Printing Pre-Holiday week trading

This latest market downtown and negatively-spinning market data practically ensures that Uncle Ben's deflation protectionist policy will slip by the JECK Feds (the austerity-measurists Kansas, Richmond, Philadelphia, and Dallas Federalists).

Remember that Uncle Ben was prepared to bail-out up to $5T and he's at a measly $1.8T so far. We're just scratching the surface.

Now, having said that, even IF these bail-outs are applied, and when, the effect on inflation is easily 18 months out, providing credence to the unprofitably of my recent maniacal TBT buying spree, however, it is an eventuality and needs to be factored into any portfolio.

PS - my opinion is, further bail-puts are more of a 'when' than an 'if' because the US will never sacrifice its the dollar's global hegemony via deflation.

10 comments:

  1. MOnday 6/28 trades:
    - bought 4 GOOG-530c @ 1.30
    - bought 25 TBT Aug-44c @ 0.15

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  2. Tuesday (6/29) trades:
    - Sold 5 DIA 2Q10-104p @ 5.03 (expire tomorrow, these were bought on 6/21 @ 0.71, +608%)
    - Many long positions (GOOG, TBT) extremely volatile, so not a good idea to roll down yet
    - Bought 100 sh. TNA at 38.92

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  3. 6/29 con't:
    - rolled 4 GOOG-530c down to 500 for net debit 2.40 (bought at 3.02, sold at 0.62)
    - another round of TBT (10 Jul-37c @ 0.69)

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  4. 6/29 con't: in and out of 10 DIA 2Q10-98p at 0.38 and 0.48, respectively (scalped 78 bucks after trade fees).

    Rolled LEAP-style Jan11-90c on TBT to Jan12-75c @ 1.05 net (1.16/0.11).

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  5. 6/30: In 25 HOV Aug-5c

    7/1:
    - In 1 x GOOG Jul-440c currently exactly ATM (15.28). They're earnings better be spectacular or I'm eating raman noodles for awhile
    - Rolled 25 TBT Jul-44c out to Aug at net 0.32 (0.34/0.02)

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  6. 7/2

    1 PCLN Oct-150p
    reasons: adds a slight amount of general market protection should this infinite weakness continue, and also a GOOG - ITA purchase play

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  7. 7/6 trading: I'm in the house of pain!

    Bought calls on FDO and HD:
    3 HD Nov-30c at 1.21
    4 FDO Aug-42c at 0.80

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  8. 7/7 trading:
    Yeah!! a market up day! Except FDO -- oops!
    - Covered my BP bull-call spread (Jul 30/33 calls) at net credit of 2.05 (up 81%, paid 1.13 on 6/22)
    - sold 200 sh DFS at 14.53 (up from 13.80, 5.3%, plus a 2 cent dividend I think...)
    - more GOOG: 4 Jan11-680c @ 1.10 and 5 Sept-550c at 1.55

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  9. 7/8: market up-day number two:
    - Bought 20 TBT Jul-36p for 0.38 just to hedge against substantial long positions
    - Rolled GOOG Jul-440c to Aug-460 for net credit 3.50 (20.43/16.93), basis for the new position is 11.78 (this is because I bought the July for 15.28, sold it at 20.43 and bought the Aug for 16.93. The 5.15 made on the Jul call comes off the Aug call basis.)
    - Bought 4 Jan11-90p at 1.80

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  10. 7/13 trading:

    - the Jan11-90p from 7/8 trading is a TLT. Sorry for the omission.
    - Some profits from GOOG's 50-point, 5-day run need to be locked in so I took the Aug-460c off the table at 39.00 (up 27.22, +231%).
    - TBT is recovering nicely and maybe some of those bigger positions from before will break even or turn positive by expiration Friday. The rushed put purchase on 7/8 was probably unnecessary and will cost me $760.
    - Bought 3 more (already have 2) DIA Aug-98p for 1.11 for some general downside insurance. The market has been running pretty hot, and starting to back off the uber-bull portfolio position I'm currently in, to a more regular-bull....
    - Sold 100 sh. of TNA at 41.18 (per my comment above of backing off slightly). I had these since 6/29 (up 2.26, + 5.8%)

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