I decided to take profits on the SPY 109/110 Bear Call Spread since it looks like buyers are coming in at around the 102 level.
I also decided to get out of my GLD 100/101 Bear Call Spread as GLD seems to have bounced.
The SPY trade netted $280 for a + 16% ROI
The GLD trade broke even for no profit.
I still have the Oct 09 GLD 97/96 Bull Put Spread open, and I will be looking to purchase a Oct 09 SPY 99/100 Bull Put Spread possibly on monday as I think the market is showing buying support at the 102 level.
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