Friday, August 22, 2008

Missing post: 3-1-1 August, GLD 72.5?

Hmm, a post that I remember writing isn't on the blog.

It was a recap of the August expiration cycle, 3 winners, 1 break even, 1 loser. Unfortunately, the one loser (buying AAPL calls before earnings) was bigger than all three winners put together, so I have a net loss for the August cycle.

I also posted a downside chart target for GLD of 72.5 (translates to spot gold at about $735). With this weeks action, the recent low becomes a focal point.

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