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Didn't use the rule of thumb - quadruple up when lose half - but did bump up the OTM call exposure to coal today. $
I closed my ANR short today. I think coal might go up from here if China is doing ok.
Solid cover TruffelPig. Volatility ~20% against historic. Stockpiles declining MoM since June.Maybe the commodity price reacts at some point
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Arch Coal Inc
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