The Speculative Stocks....

[Otter]

(04-09-2020, 07:43 AM)fenders53 Wrote:

(04-08-2020, 01:19 PM)Otter Wrote:

(04-08-2020, 12:46 PM)fenders53 Wrote: Stuck in an up oil day before the meeting.  I'm about even in my USO put buy.  Small position so I'll take a chance and see if OPEC announces the necessary massive production cut back.  I am skeptical.  I am saying there is still a chance for my position lol.  If not I'll move one for now.

Hoping you get lucky with a sell the news situation tomorrow heading into a 3-day weekend. 

Bought a small amount of 5/22/20 VXX 42 Calls today, betting on another significant spike in volatility between now and end of May, as earnings roll in.

Are they giving you Comp hotel rooms and meals at the casino yet?  

LOL, they should. UUP seems to finally be responding to the endless Fed printing of dollars. Down 0.66% today, which is a pretty massive move for a currency index. 

Treasury yields still not responding though, so doesn't look like the bond guys anticipate much in the way of inflation at the moment. 

I will close out my SPY puts if I see treasury yields start to spike. Long GLD and even shorter UUP at that point.