Wednesday, September 30, 2009

Added another position in GLD to create Iron Condor

The 97 support line looks like it will hold as GLD has had a nice rally off of it. I decided to add another trade in, and if GLD rallies strong and breaks 100 I will get out of my earlier 101/102 Bear calls spread. Otherwise I will see if GLD can finish in between my two trades.

Opened:

Oct 09 96/95 Bull Put Spread for a ROI of 15%


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