Wednesday, June 08, 2011

Sell GLD (sell calls)

Sell GLD via selling Jul 161 calls, GLD @149.8. This adds a layer of complication to a Jun/Jul 160 call calendar spread. I am long Jul 160 calls, short Jun 160s and short Jul 161s, and short Jul 138 puts and Jun 134 puts. Net long GLD, but this move reduces my exposure.

Long EEM, GLD, SPY, TLT

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