Closing all of my Options hedges in the Volatility Portfolio; holding off until January or February to add new downside protection

Closing all of my Options hedges in the Volatility Portfolio; holding off until January or February to add new downside protection

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Watch your Puts as a source of cash in any dip: My Puts on Vale and American Airlines move into black

Watch your Puts as a source of cash in any dip: My Puts on Vale and American Airlines move into black

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Tomorrow, October 21, I’m adding Puts on iron producer Vale on likely increase in global supply surplus

Tomorrow, October 21, I’m adding Puts on iron producer Vale on likely increase in global supply surplus

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VALE continues to make progress to becoming a “true corporation”

VALE continues to make progress to becoming a “true corporation”

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Vale gets a new CEO and gets rid of control by its old shareholders

Vale gets a new CEO and gets rid of control by its old shareholders

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