Buying Swing: adding GLD 116 May calls 2X OVERSIZED at .77 a
Posted: Thu May 20, 2010 1:22 pm
Buying Swing: adding GLD 116 May calls 2X OVERSIZED at .77 and .87. The volatility on these calls is huge she fell sharply as premium was striped back plus another move down towards the days lows. Im here using this pull back to again add to the calls that initially entered into today at 1.13 down here at .77 and .88 but this brings up the stake all the way to a 4X OVERSIZED position. because of the magnitude of the risk the strategy is to by the close most likely sell atlas 1/2 of this stake but with a bounce the losses on the initial position should be erased with gains from second equal money allocation stake.