Bank Stocks and Gold are down today

Updated: 14 July, 2022 seen 34

My portfolio dropped by some 10% today - as I'm heavily invested in Dutch ING bank stock and Barrick Gold, I find it a bit scary, not to say more.

It seems I'm going to get assigned ING 9.34 PUT tomorrow and might get assigned GOLD: NYSE 17 put next week. Additionally holding a few call options, but with a price under the water, it will be hard to find decent options premiums.

Dutch ING stock
Dutch ING stock 

Inflation and bank stock earnings are to blame. With inflation running higher than expected at 9.1% in June, we are waiting for a cool down since April, but seems not going to happen anytime soon.

There is a slim chance some comeback might happen tomorrow but should be short living, and if coming should be used to adjust stock portfolio or options. 

Trade safe!


Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.