Thursday, January 02, 2014

Sell strangles GLD, IWM, TLT

I sell strangles on three ETFs, GLD gold, IWM Russell 2000, and TLT 20-year bonds. Again, selling strangles is a bet on a trading range. I saw a bunch of gold ingots on the front page of Marketwatch. That isn't a great sign for gold.

Long BA BRKB IYR TM XOP XRT
Net long IWM SPY
Net neutral GLD TLT
Net short APC

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