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Selling Swing: shorting GLD 162 weekly calls at 1.10-.95 ve

Posted: Tue Aug 02, 2011 4:02 pm
by MMASSASSIN
Selling Swing: shorting GLD 162 weekly calls at 1.10-.95 vertical trough GLD 164 weekly puts at .45 area 2x oversized the spread. to work as a hedge on our long puts stake as gold within the day hits the top of the trend line perfectly. also sold the SPY 124 weekly puts at .81-.76 . the long on SPY 127 puts working great.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!