Friday, October 08, 2010

Buy GDX (sell puts)

Buy GDX via selling Nov 44 puts GDX@56.8. I initiate a small position in GDX to add a sliver to my gold exposure. For 44 to come into play, the entire rally from the summer lows would be given back.

Long BRKB, GDX, GLD, SPY, TLT

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