Buy XRT via selling Apr 52 puts XRT@59.3
I open an April position, I am already short Mar 53 puts. Bernanke spooks the markets, in particular precious metals, and I am taking on water on my bullish GLD call calendar spread. My other positions are also taking on water big time. I am thinking this is a minor squall, a cloud burst that will pass quickly. Time will tell.
Long APC BRKB GLD IBM
Long IWM MCD SPY XRT
* short GDX
* delta is near zero on this position