I just went long the November GLD 170 Call Options at 3.30. I think gold is about to bounce back up to the old highs like a boomerang. We are still in the very favorable seasonal time frame for precious metals. Yes, September was a disaster for the precious metals which is astonishing since it … Read more
My bear fur is starting to grow thicker by the minute and the SDS 22 April Call Options are looking like a good deal to me currently trading at 95 dollars per contract. I think a good move is coming down in the market and up in the inverse ETFS.
Today I closed out the AIG January 40 2011 Calls for a 66% return. I do not like the shooting star in AIG right now and hammer reversal, not to mention the total collapse of the BKX Banking Index. Definitely do not want to be a pig at this juncture. Plus I have to admit … Read more
I went long the AIG January 2011 40 Call Options this morning. Yesterday I did a post on how the market looks quite bullish into end of year and the bias should be topside fairly persistently. Well if I have a strong conviction like that why not act on it? I like the chart setup … Read more