Thursday Day here, just a quick update.

We have been filled on our position for XIV. My stock tracker doesn't seem to be working at the moment, so I'm not sure the exact date we were filled, but lets write it down as 1000 shares @ $17.50.

Silver has made a bit of a moonshot on the comments by big Ben, and the rest of the market seems to be still trying to digest the news, good or bad? Who knows, but it'll probably take stocks higher as more and more cash hits the floor and the dollar starts to slide.
All good things for us. The only thing we need to remember is we do have two positions tied to the consumer, and as fewer and fewer people have money to spend, there will be a time to exit these trades. Not ready to pull the plug yet, but just can't forget to constantly re-evaluate things.

And on a side note, LULU underwent a 2/1 stock split, cutting share prices in half. This means we now have twice as many options contracts, but their strike price is also halved to $40.

Updated Account Details

Account Details

Cash= $103,970 - 17,500= 86,470

Assets
-->XIV -- 1000 * 16.27 = 16,270 [1000@17.50=17,500]
-->RIMM -- 200 * 27.40 = 5,480 [ 200@28.75= 5,750]
-->SLW -- 100 * 37.93 = 3,793 [ 100@33.00= 3,300]
= 16,270 + 5,480 + 3,793
= 25,543

Liabilities
--OCT'11 SLW $35 Puts = 30*1.90 = 5,700
--JAN'12 LULU $40 Puts = 20*1.90 = 3,800
= 5,700 + 3,800
= $9,500

Total
= 86,470 + 25,543 - 9,500
= $102,513

We are showing our biggest gain (ha, not huge) so far at 2.513%. Our options are moving in the right direction, and now that we have a position in XIV, we should be able to sit on that and let it take our portfolio higher.

SLV has been on a tear, helping our SLW position as well. LULU has held up well, but XIV and RIMM are underwater slightly. XIV is a long term play, and something that appears to fluctuate short term, but consistently make new highs over the medium-longer term. I'm glad we didn't chase it, and let the market come back to our bid. RIMM is the other position slightly under water. Again, this is just a valuation play. The company is still making money, lots of it. There's takeover potential that nobody is talking about. And I believe there's more upside potential than downside. However I will keep an eye on the situation, and if we need to sell and cut our losses, so be it.