Buy GLD via selling Nov 92 puts
I double up my GLD position, buying strength, GLD @103.77. I am not bold enough (or stupid enough) to go aggressively long, only willing to be a strong buyer on a sharp pullback to support. There is a chance that GLD is taking off on a big up move. The caveats are that the media is warming up to gold, and much of the recent move was rumor based and dollar related.
Long SPY, GLD (2 positions)
No comments:
Post a Comment