Buying Swing: buying GLD 110 puts OVERSIZED at 1.26 and SCO
Posted: Thu Mar 04, 2010 10:44 am
Buying Swing: buying GLD 110 puts OVERSIZED at 1.26 and SCO stock at 13.33 OVERSIZED. Yesterday began going bearish again on gold and we timed it well. Today the multiday direction is bearish on my formulas and am accumulating puts in the gold et to further bolster the bearish gold stance.Am also now reentering the SCO ultrashort OIL etf with stock as I tern bearish OIL at these high levels.Even though am bearish OIl here am still holding the bearish bets on UAUA for now.