Selling Swing: selling all GLD 116 May calls 2X OVERSIZED at
Posted: Fri May 21, 2010 10:53 am
Selling Swing: selling all GLD 116 May calls 2X OVERSIZED at .28 all , today added at ope at .19 some calls 1x oversized but even that after selling at .28 positions that were entered into as high as 1.13 the loss was huge. The strategy is to wait and rebut the same calls for a scalp is she pulls back to the opening low areas around .10-.15 with the intent of flipping the position to .30 to make back losses. Am expecting these calls to see continued volatility and 116 should be her expiration magnet point.