Wednesday, September 23, 2009

GLD Oct trade

Placed a trade on GLD for Oct 09 expiration. The 100 resistance looks pretty strong, so I have placed the

GLD  109/110 Bear Call Spread    with a ROI of 25%


If it breaks the 100 resistance level than I will cover the lower leg position and hold the call in hopes that breaking the 100 level starts a rally.

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