Buying Swing: buying QZNLH at at 1.75 and GCZLH at 1.18 area
Posted: Thu Dec 10, 2009 2:31 pm
Buying Swing: buying QZNLH at at 1.75 and GCZLH at 1.18 areas OVERSIZED [GLD 112 calls and AMZN 140 dec calls] . I am reentering the AMZN calls and buying new 140 AMZN calls, this is obviously a play counting on reemergence of volatility into the close but with both calls out of the money and 1 week to expiery the risk is very big just as possible reward on both these calls very large. A betting on both a spike up on AMZN and GLD at the close but on both these plays if it dose not emerge then will box them in overnight with equal contract amounts overnight.