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Selling Swing: shorting GCZAG at .52 area 2X OVERSIZED GLD 1

Posted: Wed Jan 06, 2010 1:57 pm
by MMASSASSIN
Selling Swing: shorting GCZAG at .52 area 2X OVERSIZED GLD 115 Jan CALS [SELLING TO OPEN] here naked short GLD 115 CALS if GLD passes 111.65 then ILL exit the high risk naked short. GLD has had 3 strait days of gains and a multiday consolidation should begin now, an attempt to aggressively catch a multiday top now that she is only 25 cents from the mental stop, so its tight enough to control intraday risk. premium exploded today and could be cut by 3/4 on the smallest multiday shake. The earlier short of AAPl calls at 1.40 now 1.00 showing a nice premium loss on a highly aggressive naked short, big smiles on the AAPL pull back timing.