Saturday, December 17, 2011

4-0 for December (edited)

Four winners zero losers for the December option cycle. All winners were short puts, two for SPY, one in BRKB, one in TBT. The TBT actually closed in the money at 17.94, but as of this writing it looks like I didn't get assigned.

Going forwards, I only have one small position, short Jan BRKB puts.

I steered clear of the gold train wreck. I am still cautious, and see the latest bounce as more of a chance for bearish folks to get short than anything else. Long term, the gold uptrend is intact, but a lot of damage has been done in the short and intermediate term. Bullish seasonality alone is not enough to tempt me at this point.

/edit to add: crap, I did get assigned on TBT, and it is lower this Monday 12/19.

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