Investing Update #3

It's been a while since my last trade update. Since then I've sold my short oil and long Treasury positions, opened up a new short in Intel stock, and bought a few more options. I'm a little disappointed with my oil and Treasury trades because I sold them after they had hit their highs. At one point, I could have made about 30% on both trades, but I waited a little too long and settled for a lot less. Since then, Treasuries have been trending sideways, but oil has been on a pretty big tear, rallying about 30% in DXO.

I've added several options positions, and they seem to be doing all right. I'm a little worried about the October calls, since we're only about two and a half months away from expiration, but we'll see what happens.

Closed Trades
5. SHORT PowerShares DB Crude Oil Double Long (DXO)
Sold short 325 shares at $4.59; bought back 325 shares at $3.77; gain of 18.0%; held for ~32 days.

6. LONG Direxion Daily 30 Year Treasury Bull (TMF)
Bought 29 shares at $35.25; sold 29 shares at $36.68; gain of 4.1%; held for ~37 days.

Open Trades
1. LONG ProShares Ultra Short S&P 500 (SDS) (effectively SHORT)
Bought 5 shares at $67.14; currently at $45.50; loss of 32.2%; held for 102 days.

2. LONG Direxion Daily Financial Bear 3x Shares (FAZ) (effectively SHORT)
Bought 32 shares at $78.86; currently at $29.74; loss of 62.3%; held for ~99 days.
(Note: FAZ did a 10-for-1 reverse split and sold off fractional shares, hence the change in numbers.)

3. LONG iShares Silver Trust (SLV)
Bought 150 shares at $13.53; currently at $14.35; gain of 6.1%; held for 43 days.

4. LONG iShares Silver Trust October 14 Call Options (SLVJN)
Bought 15 contracts at $0.90; currently at $1.10; gain of 22.2%; held for ~26 days.

5. LONG iShares Silver Trust October 15 Call Options (SLVJO)
Bought 5 contracts at $0.87; currently at $0.65; loss of 25.3%; held for 39 days.

6. LONG iShares Silver Trust January 14 Call Options (SLVAN)
Bought 5 contracts at $1.27; currently at $1.65; gain of 29.9%; held for 12 days.

7. LONG SPDR Gold Trust January 100 Call Options (GLDAV)
Bought 2 contracts at $4.13; currently at $4.60; gain of 11.4%; held for 12 days.

8. SHORT Intel Corp (INTC)
Sold short 15 shares at $19.17; currently at $19.32; loss of 0.8%; held for 12 days.