Shadow Stocks - Investing, with a focus on small stocks

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 in those airlines have spiked up recently. The rest of the OTM puts, with the exception of the DIA puts which are flat, and the TBSI puts which are up about 100%, are down as well. At this point, I think I’ll sell all of these puts about a month before they expire, and start creating a new put basket for the second half of the year around the same time.

On Steam Catapult, a summary of recent changes to the site.

My favorite part is where Gekko gets his mobile phone back.

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 post on it anyway. In the meantime, I did leave a few comments about hedging and shorting in this thread on GuruFocus this week, if you’d like to check them out.

This clip is an example of why I stopped watching CNBC. Larry Kantor has no idea what Vitaliy Katsenelson¹ is talking about — he’s trying to predict the next quarter, and Vitaliy is talking about secular trends that persist for one or more decades. The producer who decided to pair Kantor and Katsenelson didn’t know enough about either of them to realize that it made no sense to pair them in one segment. Maria Bartiromo, as usual, seems to have only the most cursory grasp of what’s being discussed (e.g., dividends = good), so she can’t ask any insightful questions. Plus those blond highlights in her hair look so unnatural as to be distracting.

Vitaliy does a good job of articulating his points despite all that though.

Hat tip to GuruFocus for this clip, which I wouldn’t have seen otherwise.

¹We mentioned Vitaliy Katsenelson, and linked to his secular range-bound market thesis, in this post, which the related posts plug in didn’t catch.

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.

Details on here on Steam Catapult.