Buying Swing: GLD 125/123.50 pds for .55, I'm buying this i

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
ctinvestor
Posts: 230
Joined: Wed Apr 27, 2011 8:24 pm

Buying Swing: GLD 125/123.50 pds for .55, I'm buying this i

Post by ctinvestor »

Buying Swing: GLD 125/123.50 pds for .55, I'm buying this if in case we get a pullback down, as opposed to adding a new short leg on my upside bullish bet. The cost of the trade was small and only risking roughly .25x of my GLD position to reduce my risk by almost 36%.