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Long term Trader as a Hobby. I short term trade options in the direction of expected EPS of next year, as they line up for reversals on the 30 min bars. Missed the 4/4/14 BBY rally of 12% with options by one day because BAC had better delta, but I still hit it in stocks. 4/7/14 long BAC options... More
  • Commodities Drop = Short China 4/19/13 0 comments
    Apr 19, 2013 2:08 PM | about stocks: FXI

    I didn't sleep last night because I partied. But, as of 4/19/13, Gold has bottomed and I've been trading it up with GLD call options this week.

    We all know China is a net exporter; I was swing trading FXI; selling on rallies and covering on dips before gold crashed because I thought there was merit to a Chinese real estate bubble, and the gov there was not continuing to print money while USA and Japan, and even Europe was.

    Then, gold crashed. Was a Chinese central bank the seller, trying to cover it's loans from a real estate bubble? Who cares, the result was a crash in commodities across the board. Who is a net exporter of gold, iron, wheat, ect?

    China. The FXI put was working well for me before the gold crash.

    Now, it's even better.

    Disclosure: I am short FXI.

    Stocks: FXI
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