Made a bad trade...had some silver puts and s&p puts that obviously were not the right thing to have with Big Ben set out to print Obama into another 4 years of office....
Thought since everyone already 'knew' there would be QE3 (99% consensus) that the prices would already be baked in to the markets... I thought wrong.
But I did keep 1 si. call option (at the money currently) 'just in case', so I am going to let this one ride and looking for 37.50 imminently if there is any continuation to this rally....
And maybe some consolidation at this level before $42-44 by the elections... this is what I see now....so 'if' we can make it to $37.50 soon I will 'reinvest' my profits into some Dec. call spreads and continue to take advantage of this rally if possible...
Got bucked off the horse but I'm hangin' on by the stirrups trying to get back on lol....
