(04-09-2020, 09:06 AM)Otter Wrote:I am going to keep my puts for a while longer. I don't own enough for it to be consequential if I sell them for half off. I feel a little better knowing I have some padding on a big down day. If I could cash them out and actually had something I'd like to buy long it would be different. That day will likely come if I am patient.(04-09-2020, 07:43 AM)fenders53 Wrote:(04-08-2020, 01:19 PM)Otter Wrote:Are they giving you Comp hotel rooms and meals at the casino yet?(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.
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.
Your currency thesis will come true IMO. There are consequences for what the FED is doing. They are getting by with more than most would have ever dreamed possible but it's not limitless. They are not going to stop soon. Looks like the emergency $250B add on for small business got blocked. It will have to wait until next week so they can make it $350B. Our efficient capitalistic market is going to die. I thought recessions were supposed to weed out the weakest who make poor business decisions.