Sunday, October 4, 2015

I'm "All In".

I spent Friday buying stock and ETF options. I guess that all I have are ETF options.
I have a major position in silver calls. That's betting that silver will go up. Not only are all of the "gloom and doomer" Youtube videos saying that they are running out of silver; but it's getting hard to buy silver on the internet (like Ebay).
I have some good positions on the Russell 2000 index (IWN). I'm betting both ways on that. I figure that there will be a big move but I'm not sure which way it will go. Either way it goes some of my options will be worthless but the others will multiply by 100's of percent.
I'm also long (meaning that I'm betting it goes up) on oil. I figure that they will have to save oil in order to drive up the stock market.
I only spent $1500. I've got a couple of orders in for more Russell 2000 options that might or might not fill tomorrow when I'm on the road to Redding.
The first day of trading could't have been better. I bought when the market was down and after I bought it went up. I couldn't have timed it better if I tried.
After my appointment at the Redding VA clinic I won't have anything keeping me here except panning for gold.
I might jump into my car or take a bus and go back to Decorah for snow shoveling.
I still need to find a place to live back there but I'm working on it.
That's all I have for now.
Later.
Post a Comment