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Nonmetallic Mineral Mining, Independent Oil & Gas, Specialty Chemicals, Aluminum, Agricultural Chemicals, Industrial Metals/Mineral

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The SPDRs Strangle of selling a SPY March 140 Call and also selling a SPY March 129 Put has had a nice performance of a two day period.

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Selling both the Call and the Put kicks in the time value of the options which is decreasing rapidly as the expiration approaches.

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Who would have thought 4 months ago that the Chinese market would pull back as radically as it has in such a short amount of time?

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The Thornburg Mortgage April Calls have a large amount of volume today as the stock has skyrocketed 85%.

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In a week where all the three major averages dropped 2.5% and many good picks all of a sudden became bad, the Basic Materials sector was the strongest.

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Following-up the earlier call this week for FRE puts, today we have another financial that is experiencing a lot of put buying and that is Washington Mutual (WM).

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We saw a lot of buying in the Freddie Mac March 2008 puts this afternoon.

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In researching the performance of the streetTracks Gold Shares (GLD) vs individual gold mining companies I found that four out of the five top gold miners outperformed the ETF during the past 6 months.

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