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Selling APA Strangle

Apache Corporation options have a high implied volatility rank so I am selling a strangle with a bit more room on the upside to take advantage of any future volatility decline. Sold APA Dec 22.5P/27.5C for a credit of 1.62.
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The Future of Oyu Tolgoi

There is quite a dance underway at the Oyu Tolgoi complex with Turquoise Hill (TRQ), Rio Tinto (RIO), Entree Resources (ETG), the Mongolian partner and other government authorities all attending. Are the government interventions part of a negotiating strategy? How about the project re-engineering, delays and additional costs? Logic would have it…
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The Market Is Sleeping

It has been difficult finding trades with volatility so low. I am not interested in forcing trades and both of my open trades are underwater. I am short bond straddles and gold puts. Just waiting it out. I will roll both positions to the next monthly expiry if they don’t…
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5 Predictions of Economic Trouble Ahead

Prediction #1 U.S.Recession is here or will be here soon. Much of the world is already in recession. I am predicting a severe recession resulting in a dramatic stock market decline. It will be the hard reset necessary to rid systems of excess and to seed opportunities for future growth.…
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