Eoin's personal portfolio: hedge short profits taken, trading short losses taken, investment positions initiated November 10th 2022
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November 29 2022

Commentary by Eoin Treacy

Eoin's personal portfolio: hedge short profits taken, trading short losses taken, investment positions initiated November 10th 2022

One of the questions subscribers ask most often is how to find details of my open trades. To make it easier I will simply repost the latest summary daily until there is a change.

I opened several out of the money long-dated put positions on August 11th. I closed them all today, November 10th.

Alphabet GOOGL US 06/21/24 P60 was bought at for $2.10 and sold at $3.19 (+51.9%)
Microsoft MSFT US 06/21/24 P175 was bought at $6.55 and sold at $9.25 (+41.22%)
Apple AAPL US 06/21/24 P100 was bought for $4.55 and sold at $6.05 (+32.9%)
Amazon AMZN US 06/21/24 P100 was bought at for $8.70 and sold at $17.21 (+97.9%)
Tesla TSLA US 06/21/24 P200 was bought at $7.65 and sold $3.21 (-58%)
Nvidia NVDA US 06/21/24 P50 was bought at $2.34 and sold at $2.33 (-0.5%)
Berkshire Hathaway BRKB US 01/19/24 P200 was bought at $5.25 and sold at $3.40 (-35.2%)
Exxon Mobil XOM US 06/21/24 P50 was bought at $2.76 and sold at $1.07 (-61.2%)
The Nasdaq-100 ETF QQQ US 06/21/24 P195 was bought at $7.58 and sold at $8.49 (+12%).

I also closed by shorter-term short positions in the Nasdaq-100 and the Dow Jones Industrials Average. I bought back the Nasdaq-100 December contract for 11,297 versus m short at 11,119. I bought back my Dow Jones Industrials Average short for 33277 versus my short at 32,383 including spread-bet dealing costs.

I then bought an investment position in the DoubleLine Income Solutions Fund. It trades at a discount of 1.29%, is leveraged 30.48% and invests in high yield and mortgage bonds. The fund is currently yielding 11.5% and makes distributions monthly. I paid $11.485 including dealing costs.

I also initiated an investment long in the Global X Silver Miners ETF paying $27.57.

On November 4th I dipped back into the gold market; opening a long in the December contract at $1676.

I also increased my investment long in the VanEck Vectors Gold Miners ETT on the 4th paying $24.74 for another equal-sized position. My original position in the VanEck Vectors Gold Miners ETF was purchased on March 25th 2020 at $20.12. I bought another unit at $35.79 on December 1st 2020.

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Eoin's personal portfolio: hedge short profits taken, trading short losses taken, investment positions initiated November 10th 2022 Comment of the Day

Commentary by Eoin Treacy

Eoin's personal portfolio: hedge short profits taken, trading short losses taken, investment positions initiated November 10th 2022
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