Thursday, April 28, 2011

Buy EEM (sell puts)

Buy EEM via selling Jun 44 puts, EEM @49.7. I open a Jun position, 44 is support.

Separately, I place an order for a GLD call calendar spread Jun/Jul 160, at the mid price which means the market has to come back a bit for me to get filled. I was fortunate to get filled on Wednesday, exiting the other GLD calendar. The max profit is at the strike (which was 147) and the position starts to lose as price moves up above that.

Long EEM, GDX, GLD, IWM, SPY, TBT/TLT
TBT/TLT = short strangle on TLT

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