Trading Notes

Took profit on half my TMV (the less liquid of the two long-duration bearish bond ETF’s).  Entered position in HGSI (again) and sold November $28 calls.  Over 10% profit in five weeks if it gets called away.

Closed out short strangle in FAZ Jan options for a nice profit at $1 per share more than intrinsic.  Kept approximately $5 per share in profits.  Position was put on with 200 days to expiry, now 100 days to expiry.

Added FAZ stock.

Watching SDS (anti-American 2x ETF) for an entry point, but standing aside as long as irrational exuberance rules.

Thoughts on this year’s Wall Street compensation in the works.



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