Sunday, May 15, 2011

That Was a Bust!

CDE didn't end well(for me). They put out some lousy numbers into a crashing silver price. All my calls will expire worthless there.

Sticking with my Jun USO 36 puts. Started a new position in Dec TBT 40 calls. Decided to up my horizon. Obviously, bond yields could skyrocket if the Fed/government isn't really careful moving forward. Will be looking to add if they continue to head lower.

It's a down year now. However, its still early!
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2 comments:

  1. DanielMay 17, 2011 at 4:39 PM

    Is your bet that commodities will sell off because if they will then the market would go with it?

    ReplyDelete
  2. DanielMay 17, 2011 at 4:43 PM

    And if oil does in fact fall wouldn't that be super for airlines which are for the most part muddling along?

    ReplyDelete

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