Phil // @2
questions for the day
unfortunately i'm not up 10% so cashing out probably not the best idea. all my positions are long term and i'm willing to wait them out.
i have 2 sections of hedges ( DXD, SDS, and TNA ) all June. How would you advise the rolls ?
leave the shorts, roll the longs and wait for expire ?
DXD June $25 / 29 BLCS (9 $1.80 )
SDS June $27 / 32 ) $1.20
+ a Jan15 bear call spread 90/75 ( $2.50 ) not so worries about that.
Secondly, I've been hangin onto ABX / CLF for what seems forever. I have a bit more faith that ABX will pop when a correction hits, but CLF dumbfounds me. Most of their production is for the US – not China and they seemed to plagued with bad news for the last few months.
I"m wondering if I just cut my losses or do you still have faith into Jan16 ?
CLF perspective
-10 Jun14 17 short calls ( ,44 – sell every month )
+10 Jan16 $15-25 ( $ 2.50 )
+50 Jan16 $20 long calls ( $ 2.75 ) thought they were cheap at the time
-10 Jan16 $20 short puts ( $5.35 )
May 29th, 2014 at 2:41 pm
Phil // @2
questions for the day
unfortunately i'm not up 10% so cashing out probably not the best idea. all my positions are long term and i'm willing to wait them out.
i have 2 sections of hedges ( DXD, SDS, and TNA ) all June. How would you advise the rolls ?
leave the shorts, roll the longs and wait for expire ?
DXD June $25 / 29 BLCS (9 $1.80 )
SDS June $27 / 32 ) $1.20
+ a Jan15 bear call spread 90/75 ( $2.50 ) not so worries about that.
Secondly, I've been hangin onto ABX / CLF for what seems forever. I have a bit more faith that ABX will pop when a correction hits, but CLF dumbfounds me. Most of their production is for the US – not China and they seemed to plagued with bad news for the last few months.
I"m wondering if I just cut my losses or do you still have faith into Jan16 ?
CLF perspective
-10 Jun14 17 short calls ( ,44 – sell every month )
+10 Jan16 $15-25 ( $ 2.50 )
+50 Jan16 $20 long calls ( $ 2.75 ) thought they were cheap at the time
-10 Jan16 $20 short puts ( $5.35 )