No confidence that more loans will resolve the issue of too many loans in the Euro Zone.
Gold is the play of social instability.
Selling GLD Jul 10 $118 puts for $4.5 and buying $115 GLD Jul 10 puts for $2.9
Subscribe to:
Post Comments (Atom)
"Investments in lockstep with market moves"
5 comments:
Gold outperformed in the recent market down draft. The position looks very strong.
This position looks very safe to hold until expiration a few weeks from now. But of course we will continue to watch it.
Current prices...
$118 put $1.23
$115 put $ .66
GLD closed at $116.67 at option expiration 7/16.
$1.6 credit at initiation
At close the $118 put was worth $1.23 (-$1.23)
The $115 put was worth zero.
I made a net $.37 on the position.
Gold is good.
Post a Comment