Financial Velociraptor

A stink bid went through. music selection: “Kickstart My Heart” — Motley Crue I like Nvidia (NVDA) right now.  I put in a stink bid on a narrowly in the money bull call spread with Friday expiry.  I did not

Re-establishing two expired positions. music selection:  “What A Feeling” — Irene Cara weigh-in:  210.6 (0.4) My puts in GDXJ expired worthless over the weekend.  I cleared 140% annualized on the trade.  Today, I sold GDXJ200619P00046000 for 3.00 a share.  The

Five groaners. music selection:  “Oh Sheila” — Ready For The World Devour your prey raptors!

JCP was expected to file for bankruptcy today. music selection:  “Stan” — Eminem Last month, JC Penny (JCP) went into technical default on one of its bonds by not making a timely coupon payment.  Today was the last day of

Two new trades today. music selection:  “Bedroom Hymns” — Florence & The Machine I have a bullish trade (bull call spread) and a bearish trade (long dated put) today.  I’m going long on OKTA.  The company provides digital identity management

Bought puts on VXX. music selection: “Girl On Fire” — Alicia Keys weigh-in:  211.0 +1.0 I’m getting back to my roots.  VXX suffers from terminal “contango”.  That is, it is an ETF designed with intent to track the DAILY price

Sold long dated puts on T, MCK, PTON. music selection:  “I Can See Clearly Now” — Jimmy Cliff On 26APR2019, I bought a long dated put in MCK for 10.00 a share.  The thesis was that McKesson is dangerously exposed

Shifting exposure away from NLY. music selection:  “Paschendale” — Iron Maiden weigh-in:  210.0 +0.4 Annaly (NLY) puts have treated me well.  I went BIG with those earlier.  I still think the company is a screaming buy up to $7.00.  But

Five groaners. music selection:  “Roll The Bones (live 2002)” — Rush Devour your prey raptors!

Looking better after a month. music selection:  “Jamming” — Bob Marley I am acclimating to a new normal where spending is about 500 dollars a month less (although it might not be necessary.)  I have been able to make some