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Posted

Harvested losses from small positions in BABA, TME, and PDD yesterday and today. This is probably the bottom. I hope I don't buy LEAPS and shoot myself in the foot again. Still own a 2% position in 9988 bought at 118.

 

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Posted
12 hours ago, lnofeisone said:

Out of my SRG calls completely. It help up surprisingly well in the last 2 weeks. 

I only have a small Position with 10 and 11 strikes. Still 4x on both was nearly 6x 2 days ago. Expiration is 03/18. Not decided yet if I exit today or keep until Mo/Tue.

Posted
3 hours ago, GordonGekko69 said:

I only have a small Position with 10 and 11 strikes. Still 4x on both was nearly 6x 2 days ago. Expiration is 03/18. Not decided yet if I exit today or keep until Mo/Tue.

it was a lotto sized position for me that did well enough to offset my loss on the other lotto position (SBRCY) so I just banked the profit. No real opinion on what will happen with SRG in the next week. 

Posted (edited)

Trimming 9988.HK on Friday and today. The BABA thesis has changed since I bought these sardines (war, COVID, lockdowns, focus on customer retention vs. growth, etc.). This was/is a small position which doesn't make any difference anyway. Good luck to everyone still holding. I might buy more LEAPS in Chinese tech in the future.

Edited by formthirteen
Posted
5 minutes ago, boilermaker75 said:

 

I have written 40-strike covered calls on my small AJRD position that I was put to at 40 on a risk arbitrage play.

I figured if it wanted to move, it would have done so by now. I made a bit money on this (because I averaged down), but nothing to write home about. Feels very much like dead money here.

Posted
5 minutes ago, Spekulatius said:

I figured if it wanted to move, it would have done so by now. I made a bit money on this (because I averaged down), but nothing to write home about. Feels very much like dead money here.

 

The only reason I was in this was to play the risk arbitrage and why I want to get out. I made some money even if I outright sold my AJRD at a slight loss because I wrote puts a few times that expired. I guess I am greedy going with the covered calls but the premiums are good!

Posted

Replaced the last of 9988.HK with some LEAPS in various speculative Chinese VIEs that can be cancelled by China or the West at any point or for any reason. Adding a bunch of variables and layers (time, etc.) can't make this speculative investment any worse than it is 😀

Posted (edited)
16 hours ago, boilermaker75 said:

 

The only reason I was in this was to play the risk arbitrage and why I want to get out. I made some money even if I outright sold my AJRD at a slight loss because I wrote puts a few times that expired. I guess I am greedy going with the covered calls but the premiums are good!

Yeah, I should have done the same. I did average down and made money that way. i figured Putin bailed me out of that one.

It's still an interesting Co from a strategic / uniqueness POV. I could see an outlandish scenario where SpaceX would buy them or something like that.

Edited by Spekulatius
Posted
On 3/15/2022 at 8:52 AM, Spekulatius said:

Yeah, I should have done the same. I did average down and made money that way. i figured Putin bailed me out of that one.

It's still an interesting Co from a strategic / uniqueness POV. I could see an outlandish scenario where SpaceX would buy them or something like that.

 

Replaced my expiring covered calls with 40-strike April 14 expiration calls at $1.10 per share.

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