Friday, August 23, 2013

Rebalance GLD (sell puts)

Sell Sep GLD 123 puts @134.9
I sell a third set of gold puts, against the short Sep GLD 145 calls, to get back to a long position. The risk in the short strangle is a big move either way. Right now the calls are in the red as gold has moved up.

Long BRKB EMN GE GDX IWM KORS LGF
Net long APC BA GLD SPY XRT

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