A Gift and Two Trades

Google is down today, I take the gift by selling the Apr 270 put. Closing out OXGN at 4.45, I hoped they would be down more today.

A Trade

Going short OXGN here at 4.50, betting on a set back tomorrow. Will exit the position tomorrow.

Raising Cash

Selling position in TYKS and LUMI after recent rally. This is in line with "buying low, selling high". Inventory number today means volatility and possibility to buy back lower. Might add to the remaining oils in the portfolio. Silver position developing well so far. Google could be interesting, will be added to S&P 500 beginning next week, also April's Fool Day coming up, which usually means the introduction of new services. Maybe it is time for GDrive or CL2 this time. GDrive being the most revolutionary one of the two...

Post 100

Crude contracts expired. The decline in the April contracts shows that a profit can very easily be wiped out when the speculators roll the contract. Increased the Silver position amid the positive ETF news. Plan is to pyramid the position over the coming month.

Expiration Day

Bought back the Mar GOOG put for $10.30/contract, which shows that the strategy (put selling) can make a nice profit even if the market moves against you...

When Family Fiction is Tamer than Truth

Very interesting article in NYT http://www.iht.com/articles/2006/02/28/features/galt.php . If you haven't read his books, here is a review of review written by Nicholas Taleb (the original review is written by Michael Lewis) http://www.dailyspeculations.com/reviews/books/Taleb.html . Dailyspeculations is Victor Niederhoffer's web site.

Today LUMI, PARE, TPEP, TYKS and VOST are higher. Crude and Silver have had big up moves recently. Was bidding in PARE yesterday, will increase position on a down day. Lupe has come to a standstill. Lets hope GOOG can perform tonight.

What a Comeback!

Crude, silver and Google all exploding upwards in Thursday US market action.

GOOG

Sold the Arpil 350 PUT .