Friday, March 25, 2011

Buy GLD (sell puts)

Buy GLD via selling May 125 puts, GLD @139.7. I open a May position. I was tempted to move the strike to 127, but the 125s are a bit safer, give a bit more margin for error. The compromise is less premium.

Long EEM, GDX, GLD, IWM, SPY, TBT
(all short puts)

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