Selling Swing: shorting GLD 140 Mar puts at 1.00 are and goi
Posted: Thu Feb 24, 2011 2:55 pm
Selling Swing: shorting GLD 140 Mar puts at 1.00 are and going long GLD 136 weekly puts at .69-.70 area both OVERSIZED as I move into a bearish contrarian stand on GOLD. GLD would need to pass gold all time highs for the short on 340 puts to be in danger. i see the possibility of a sharp fall on gold into next week as a real possibility. messed up said NFLX but meant GLD.