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User 195396

User 195396
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  • USO Calendar Spreads ... An Update [View instapost]
    Thanks again, Reel-still studying.
    Mar 16, 2015. 12:18 AM | Likes Like |Link to Comment
  • USO Calendar Spreads ... An Update [View instapost]
    Reel:

    I very much appreciate your comments and explanations! I would also be interested in your strategy on the SPY, SPX. Your comments have certainly caused me to study further, analyze, and just sit and think.

    I have a couple of questions: How did you choose your strike prices for USO? It appears that these strikes were ATM at the time of the initial trade.
    On strangles, I have tried to use 1 Standard Deviation but have had problems in recent volatile situations keeping the positions adjusted with delta neutral.

    As I understand, you have the following:
    Long Jan 17 calls @$17, currently $3.25/3.55
    Short Jan 17 calls @$27, currently $0.90/1.18

    For the coming week, sell mar4 call @$18 for $0.21/0.22

    Long LEAP 17 call: delta 0.60, theta 0.00
    Short LEAP 27 call: delta 0.25, theta 0.00

    weeklies: delta 0.24, theta 0.02

    From current data, seems no theta decay on LEAPs.

    The main question I have is on the trading vehicle itself, does the contango effect cause the Long LEAP to lose value independent of the market action?

    It seems your strategy is independent of any probability/delta factors from volatility-correct?

    Would appreciate any comments you have because, as I said, your thesis and resultant strategy certainly has caused me to do some additional work.

    Thanks much.
    Mar 14, 2015. 04:08 PM | Likes Like |Link to Comment
  • The Golden Long: Frost's Pershing Gold Poised For A Significant Upside Move [View article]
    I'll wait until the hype dies down and the PEa comes out-we still do not have an reliable number for all-in costs and capex to production.
    Feb 11, 2015. 02:31 PM | 2 Likes Like |Link to Comment
  • Weighing The Importance Of Insider Buying At Pershing Gold [View article]
    agree!
    Jan 28, 2015. 01:12 PM | Likes Like |Link to Comment
  • Is This The Reason European Central Banks Repatriating Their Gold? [View article]
    Agree 100%, Fish-if the Ministry of Truth (State Dept) had the proof that Russia or the anti-Kiev fighters in the East did the shoot down, that info would be out there in spades from day 1. Instead, Ministry launched propaganda campaign against Russia from day 1 without any proof. Has anyone come forward to say that they saw the launch or the vapor trails of the alleged Russian rocket? Nope. If you have seen any videos of a launch, particularly in daylight as when this incident occurred, it would be obvious that the trail would be visible from miles around. The West (Ministry) is lying again and again on this and they are controlling the "investigation" very closely.
    Dec 15, 2014. 11:42 AM | Likes Like |Link to Comment
  • Oil slump threatens Norway’s economy [View news story]
    disagree-pres may make final decision but this sanctions program was mapped out by the people in State intent on regime change in Russia-extremely misguided and dangerous.
    Dec 6, 2014. 07:37 PM | 1 Like Like |Link to Comment
  • Oil slump threatens Norway’s economy [View news story]
    yep-as I believe, everyone is hurt by sanctions, US, Europe, Russia-that is why these sanctions are so blindingly brilliant-let us have a cheer for our geniuses in State Dept (sarc)
    Dec 5, 2014. 09:05 PM | 1 Like Like |Link to Comment
  • Agnico Eagle Extends Footprint In Mexico [View article]
    Thanks, good detail. AEM mgmt has impressed me for several years, altho to state the obvious, the miner sector has been under extreme pressure for what seems like forever. I am fairly seriously long AEM and will not sell. Certainly would like to come up for air, however!
    Dec 2, 2014. 09:00 PM | Likes Like |Link to Comment
  • Pershing Gold: Catalysts Provide Upside Potential [View article]
    It seems to me that the Preliminary Economic Analysis (PEA) must be completed prior to anyone racing off to bank profits-not sure how Cantor comes up with all-in sustaining costs of $743.50.
    Nov 12, 2014. 12:44 AM | Likes Like |Link to Comment
  • Crude oil testing $80 amid strong inventory build [View news story]
    Add to that all of the conspiracy theories out there, Saudis pressuring everyone, US pressuring Russia, many OPEC countries' budgets underwater at these prices, and on and on-
    Oct 23, 2014. 03:15 AM | Likes Like |Link to Comment
  • Russia, Ukraine inch closer to gas deal [View news story]
    Do not think it was the clowns in Brussels as much as the neo cons in the State Dept (Nuland-Kagan) and the US taxpayer funded National Endowment for Democracy, which poured $5 bil into Ukraine to assist on the road to "democracy." Now we have sanctions which is extremely harmful to the EU and certainly not helping US energy companies.

    Gad, what a cluster------
    Oct 20, 2014. 02:31 PM | 1 Like Like |Link to Comment
  • Seadrill: Perspective From Russia Part 2 [View article]
    Agree completely!

    Long NADL, mulling SDRL
    Sep 30, 2014. 02:51 PM | 4 Likes Like |Link to Comment
  • Tumbling oil leads commodity slide [View news story]
    It definitely has me fooled!
    Sep 30, 2014. 01:39 PM | 4 Likes Like |Link to Comment
  • Latest Rig Market Developments Bad News For North Sea Drillers [View article]
    Russian Foreign Minister Lavrov recently made a very constructive stmt-we will see if there are any "diplomats" in brussels or State Dept to respond. Gad, this has been a cluster----.

    http://reut.rs/1nFEujd

    Maybe, just maybe, XOM has some leverage to get the move going-to my mind, the German firms are being hurt as much or more than the US firms so I would guess there is pressure from that end as well.
    Sep 30, 2014. 12:24 PM | 1 Like Like |Link to Comment
  • Seadrill: Perspective From Russia Part 2 [View article]
    Vlad, thanks for this update-The reporting in the West on developments in Russia is laughable if it were not so serious. It is incomplete, erroneous, or outright repeating of the propaganda coming out of the State Dept, controlled by Nuland, the neocon.

    Russian Foreign Minister Lavrov made what I consider a constructive speech which could lead to sanctions being lifted if we have any diplomats in Brussels or the State Dept.

    http://reut.rs/1nFEujd
    Sep 30, 2014. 12:19 PM | 7 Likes Like |Link to Comment
COMMENTS STATS
377 Comments
264 Likes