Friday, February 25, 2011

Buy GDX and TBT (sell puts)

Buy TBT via selling Apr 34 puts, TBT @38.2. This opens an April position, adding to my short Mar 34 puts.

The three day bear raid has been beaten back. The puts I sold earlier this week are all now at a profit. As the Rolling Stones phrase it in their song "Paint it Black" (link) take that red door and paint it black (red being a loss, black being a profit).

/edit to add: Buy GDX via selling Apr 48 puts, GDX @58.7

Long EEM, GDX, GLD, SPY, TBT

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