Tuesday, November 8, 2011

No Fear Today

The market is acting a bit like a bull market as of late with lower volatility and mostly trending upward. This makes it hard for a gal to swoop in and invest while others are selling. History says that patience will be rewarded especially in a debt ridden world. In the meantime time decay is working in the option sellers favor.

Precious metals seem to be taking a bit of a breather today and with all the money printing, quantitative easing and the like it's hard to be bearish. Many of my precious metal ETF calls are now deep in the money. This makes rolling for a credit a little more challenging.

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