(01-26-2021, 10:19 AM)Otter Wrote: Added some 01/21/2022 XLE $45.21 calls at the end of the day yesterday for $3.74/contract. An overall energy sector gain of ~10% in a year (Breakevens at expiry are $48.94), when the underlying commodity has risen less than other inflation-sensitive commodities to date seems like a fair bet.

(02-22-2021, 10:26 AM)Otter Wrote:

(01-26-2021, 10:19 AM)Otter Wrote: Added some 01/21/2022 XLE $45.21 calls at the end of the day yesterday for $3.74/contract. An overall energy sector gain of ~10% in a year (Breakevens at expiry are $48.94), when the underlying commodity has risen less than other inflation-sensitive commodities to date seems like a fair bet.

Sold these today for $7.30/contract. Didn't expect the energy sector to run up that fast. Close to 100% gain in the LEAPs over three weeks.

(02-23-2021, 07:57 AM)divmenow Wrote: Inflation is on the way Get your portfolios in order going forward. Add that Gold, consumer staples and value names. Oil on that list as well.  BP looking real good!

I will be hedging in some gold today.

Tech selloff is here. Called it last week lol. I’m keeping my powder dry to add sone once the selling is over. Only to the names I already own.  Add those 2 shares here and there lol

(02-23-2021, 08:17 AM)fenders53 Wrote:

(02-23-2021, 07:57 AM)divmenow Wrote: Inflation is on the way Get your portfolios in order going forward. Add that Gold, consumer staples and value names. Oil on that list as well.  BP looking real good!

I will be hedging in some gold today.

Tech selloff is here. Called it last week lol. I’m keeping my powder dry to add sone once the selling is over. Only to the names I already own.  Add those 2 shares here and there lol

I don't know what he is charging for his newsletter but mine is only a dollar more.  You get what you pay for.  

Actually I agreed with you and only have starter positions in most of my tech.  I'll be nibbling them all the way down to zero now.  I already have too much value.  Should have bought oil when when we were bashing it 30% ago maybe? Might add a little gold but I caught it a bit lower.  NEM looks good as the largest miner and they raised the dividend up around 3.7% I believe.  It's solid even with a substantial gold price that isn't happening anyway.  Not holding a commodity that pays nothing for years if I guess wrong though.  Not that a Div saves you but it's better than a poke in the eye.

I have about 15 limit orders in.  Hopefully a few will drop.  If all of them drop we are in for a real bad tech day.