Buying Swing: adding GLD 108 Mar puts at .98-1.06 OVERSIZED

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MMASSASSIN
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Buying Swing: adding GLD 108 Mar puts at .98-1.06 OVERSIZED

Post by MMASSASSIN »

Buying Swing: adding GLD 108 Mar puts at .98-1.06 OVERSIZED This is my 3rd entry into these puts that are now coming in and out of the money. This brings up the position to a 3X OVERSIZED puts stake on this bearish bet on the gold ETF. GLD attempted a bounce yesterday into the close but strength never followed trough and now the dollar story is further pushing gold bearish. as mentioned before on the emails before this one this is a continuation of bearish accumulation but sticking to the month that is about to expire because a sharp and very large fall is a strong possibility today or in the days to come. Plus a heavily bearish gold stance can help hedge the bullish stock stakes. If the market dose hold a bullish direction then gold would be less likely to pan out bearishly but the AAPL calls 220s would most likely pass 2k% profit today for AAPL if market holds strength is set to pass 230s today. This is one way to play both market sides in a indecisive week.