The Option Premium Collector

Big Family Week on Apr 4, 2009Hey all. It's my daughters birthday and we went camping. Today is a big party. I'll be back next week. Best wishes and good trading to all.

Not fighting the tape, Fed and Treasury on Mar 25, 2009 in SPY FAS GLD GE Anyone who reads this blog knows I think the market is going to tank big time at some point. Capitulation is a descriptive term I'm especially fond of.In the short term, however, I am riding the bull. I'm not solvent enough to fight the tape, the Fed...

Gilley's on Mar 24, 2009 in SPY oil xle FAS The Fed and Treasury are drunk and riding the bull like they're at Gilley's. Short term the market likes it and some are calling a market bottom. I'm not buying it. Printing money to buy our own debt and banker's toxic assets isn't the solution.Short...

Capitulation on Mar 21, 2009 in covered call capitulation Depression naked puts I don't know when it's going to happen but capitulation is definitely in the cards. Right now there is a decent bull/bear tug of war going on with the Fed riding the bull like they're at Gilley's.We are in a depression not a recession. In past recess...

Sold SPY puts for 38% gain, holding FAZ on Mar 20, 2009 in time decay SPY gold Treasuries TBT GLD trade result FAZ I didn't want to hold the SPY Mar (10 days to expiry) 75 puts over the weekend so I took the gain. My FAZ April 30 calls that I bought for 6.00 ended with a bid/ask of 9.70/10.00. I'm letting this one run. I would have held the SPY's but time decay w...

Long GLD and TBT calls on Mar 19, 2009 in gold Treasuries TBT GLD Gold is soaring as the Fed's action will weaken the dollar. I took the TBT bet because I don't believe the Fed will be able to keep yields that low and all they've done is reinflate the Treasuries bubble. We'll see.

Fed buying treasuries on Mar 19, 2009 in gold TBT financials This is a game changer for the financials, TBT and gold. Stay tuned.