And we're back to normal. The news agencies are talking about nothing, we've been pormised interest rates at 0 for at least another 2 years, and stocks are moving higher. Easy money right? It will be, 'till it isn't.
Nothing has changed. Big themes still fully intact.
Assets
Cash = $61,570
Equities
--> XIV -- 2000 * 10.10 = 20,200 [2000@14.75 = 29,500 ~ -9,300]
--> RIMM -- 200 * 27.11 = 5,422 [200@28.75 = 5,750 ~ -328]
--> SLW -- 300 * 38.67 = 11,601 [300@33.67 = 10,100 ~ +1,501]
--> GDXJ -- 200 * 36.03 = 7,206 [200@32.75 = 6,550 ~ +656]
= 20,200 + 5,422 + 11,601 + 7,206
= 44,429 [51,900 ~ -7,471]
Total Assets = 61,570 + 44,429= $105,999
Liabilities
Options
--> OCT'11 SLV $35 PUTS - 30 * 1.34 = 4,020 [30@2.16 = 6,470 ~ +2,450]
--> JAN'12 LULU $40 PUTS - 20 * 2.60 = 5,200 [20@3.50 = 7,000 ~ +1,800]
= 2,450 + 1,800= 9,220 [13,470 ~ +4,250]
Total Liabilities= $9,220
Total = 105,999 - 9,220= 96,779 [-3,221; -3.22%]
Still have a ways to go in recouping our losses from last week, but we certainly did better than the market in the last week. Not that I care about the market, I care about my results. And right now, I'm still down 3.22% in the last few months. Waste of time and resources. But if the markets calm down and our position in XIV turns around, we'll be sitting very pretty. Not to mention we still have lots of cash to take advantage of a big downturn. Keeping my eye on KGC. I think it's getting ready to make a multi year run soon. Will probably buy some on a another down leg, or maybe use the options market like we have in SLV. Not sure yet.
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