Thursday, September 10, 2009

Buy GLD (sell puts)

Buy GLD via selling Oct 94 puts, stock at 97.28
This is more my cup of tea, selling options. Compare to the vertical call spread, selling puts has less upside, more downside, but time decay works in my favor. GLD acting relatively well. 94 is the break out point, and support.

Long GDX, GLD

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