Thursday, September 05, 2013

Rebalance GLD (sell calls)

Sell Sep GLD 142 calls @132.2 to reduce my long position.
If it feels like ground hog day (Bill Murray movie where a day is repeated over and over), it is. Another day, another rebalancing move for gold. Yes, I wish I knew what the next $20 move in gold was going to be. For now, I have my money on a modest trading range.

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

No comments: