If you are not levered and have no counter-party risk then you are going to be extremely hard to catch! 

Probabily I'm a bit offtopic but I don't mind judging the general level of the late posts ;-) so: could someone explain me how to buy a put option for AAPL?

I find the apple capitalization is pure madness, and I suppose that now that iphones get so much competition from android apple will be unable to keep the fuzz to this height and some time after the iphone5 is out the stock value will begin to plunge.

I used to trade a bit on several stock exchanges but I know almost nothing about options and covered warrants: if someone wants to share a bit of knowledge I will be delighted

Nothing goes up in a straight line.

Three steps forward, two steps back.

silverbox update:

Gold:  -2%

Bitcoin:  +104%

Diff:  106% advantage Bitcoin

Au@$1650 w/ USDX@81.8 is as promising as my BTC@$10-$11.  Both adventures are on the trajectory which I have hoped for at this moment.  And neither is immune to steps in both directions.

You will probably have to get your account approved for trading options. There are usually different levels you can be approved for depending on your experience. That is why I directed you towards Schwab. They are pretty simple and the fees are really low.

Nope still long and strong!!

Wins what?

I think we all agreed that Bitcoin has far more room to grow than gold or silver, and at a faster rate. If anything, the prognostication that gold (esp. physical) was collapsing is wrong.