Those BHP puts I mentioned here in previous posts, the $60 strike, AUG 10s (BHP100821P00060000) are down to $2 today. I’d pick up a few more here if I didn’t have enough already.
The OTM puts on the two airlines, UAUA and RJET, have been melting like a bar of soap in warm water, as shares [...]

Comment contest winners are listed on Steam Catapult (Philippe, you’re one of the winners, so be sure to click over there).
Sorry for the paucity of posts here recently. I was thinking of buying another speculative stock this week, but held off on that, so I didn’t post about it. Perhaps I will add a short [...]

Those BHP puts I mentioned in this post, “Rethinking a quasi-hedge on AYSI”, dropped to $2.45 today. So I bought a few more.

For financial professionals, later today. More details on Steam Catapult.

I was going to blog about this last night, but I was too beat:
AP: BHP Billiton profit more than doubles to $6.1 bln. From the article:
The company said global economic conditions had improved over the past six months, as the United States and Europe lifted industrial output from previously depressed levels and China returned to [...]

On or about February 18th, we’re going to raise the membership fees on both Short Screen and Portfolio Armor; we’re doing some analysis now to determine the exact amounts of the increases. Current members of the sites will be grandfathered and will continue to pay the current membership fees, for as long as they remain [...]

On the old blog last month, I wrote about the problem of quasi-hedging a micro cap stock such as Alloy Steel International (OTC BB: AYSI.OB). As I noted there, since Alloy Steel doesn’t have options traded on it, it’s impossible to hedge it against idiosyncratic, or company-specific risk. My main concern though isn’t company-specific risk [...]