Friday, July 22, 2011

Buy GLD, SPY, TLT (sell puts)

Buy TLT via selling Sep 87 puts, TLT @95.9
Buy GLD via selling Sep 139 puts, @156.0.
Buy SPY via selling Sep 113 puts, @134.6

I open some September positions which feels wrong because of recent run ups in GLD and SPY and the looming issues regarding the budget for TLT. I hold my nose and take some small low risk, low reward positions.

Long GLD, IWM, SPY, TLT

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