TRADE BULLETIN: Cosa Nostradamus All to Hell! Two Winners: 867% & 353% (MKC, VALE)

Closing down two trades today – with more to come toward week’s end.

So…

To begin, let’s take a look at our MKC trade, opened on October 1^st and whose details can be found here.

Current status of the trade is as follows –

We’re in a credit position of $2.35 and holding a short 185/195 CALL spread set to expire this Friday.

The spread can be unwound for $0.95 and we’re suggesting you do so.

Just buy back the short 185 CALL and you’re done.  There’s currently no bid on the 195 CALL, and that’s fine.  Should MKC bounce between now and Friday’s expiry, sell it off.

We’re booking the trade without that possibility.

Total take is $1.45 on nothing expended.

And that’s a hale 867%.

Next up is our VALE trade, whose details can be snagged here.

We’re currently in a credit position of $0.70, with a short 12 PUT expiring this Friday.

With VALE now trading at $12.56, it’s very possible the option will expire worthless come Friday.

But we’re not leaving it to chance.

The option trades for $0.08, and we’re recommending you buy it back to close.

That leaves you with $0.62 on a bet that took far too long to ripen.

But with nothing spent to get there, you garner 353%.

Rockin’!

The G-d of Israel is guiding the world toward full recognition of His omnipotent beneficence.

Ignore the naysayers.  And the science cultists.

The geulah shleima is approaching.

Eschatologically yours,

Alan B. Harvard.

Follow @HughLOHaynew