FAZ is a 3x bear fund on financials. It moves fast and hard (t.w.s.s.) but I still think the options on it are way overpriced. This month I did a covered call on FAZ. Bought 1500 shares and sold 5 options at 3 difference strikes. At the moment, I’m up on all 4 legs of [...]
With a big run in the markets today, I’m calling the top Obviously I’m happy with the move so far, because I have a covered call on SP Emini, but I think the good times are over, or at least will stall… I entered a bear vertical on SPY: Sold DEC 92Call Bought DEC 94 [...]
Most people do not know this, and I’m sure most children are not taught this in school. As taken from freedomkeys and the Liberator online archive, here is the real story of Thanksgiving: ” Did you know that the first Thanksgiving was a celebration of the triumph of private property and individual initiative? William Bradford [...]
Last month I bought ES at 884.50 and sold the Nov 900 calls at 35. With the market downturn, those obviously expired worthless, making my base price 849.50 I wanted to sell another call against the position, but decided to wait until a big pop in the markets to do so. Today I got that [...]
My external hard drive failed and I lost about 5 years of pictures. After looking at several companies, I decided to go with the least expensive, ECO Data Recovery and after 2 weeks they called today to tell me they were unable to recovery my data. They’ll be charging me $175 for the effort. So [...]
I am disappointed. I voted for Bob Barr, but realistically wanted McCain to win. Not to be. However, this is the positive side of an Obama presidency: He has the ability to emotionally charge the masses He may be a more favorable and likable president to foreign countries Liberals and democrats have no excuses to [...]
Last night Obama said he wanted to protect American jobs, penalize companies for “shipping jobs overseas”, and give money to companies who hired American. This is all protectionism and its BAD for the economy. Sure he can give 100 sob stories about someone losing their job and how their 8 kids can’t afford to eat [...]
According to Gallup Polls,White voters are split on Obama v McCain, 44% to 50% respectively. Black voters however, favor Obama over McCain 91% to 4%. With 38 million blacks in the US, accounting for almost 13% of our population, and Obama’s lead at just 9%, is it possible that racism will choose our next president? [...]
Right now I am long the SP emini with a sold 900 Nov call. I bought the SP emini at 884.50 and sold the 900 call at 35. Right now I’m down a bit on the trade, but have a nice theta and my delta is only moderate. I like the bounce play but want [...]
Obama scares the crap out of me. He seems to be totally in favor of socialistic economic policy, and today’s Drudge Report release of Obama’s 2001 radio interview solidifies that belief. For the record, if Obama is elected, and has support from Congress and is able to significantly alter our economy to favor socialism, I [...]
