Thursday, July 29, 2010

Riding Gold again

Until the Fed looks to begin raising interest rates, the price of gold will not fall.

Sell $115 Sept GLD put at $3.5
Buy $112 Sept GLD put at $2.6

3 comments:

Lockstep said...

Closed the position selling the $115 put at $.61 and the $112 put at $.51.

This investment yielded $.8 on a $3 risk.

Lockstep said...

I calculate the return on this investment the profit versus the margined amount.

Thus the total return is a 26% gain.

PENNY STOCK INVESTMENTS said...

Gold is goin higher.