I placed my first April trade today. I feel that GLD is in a downward trend at the moment and I think the upper resistance of the 110 level will hold for the next month. I have opened the following credit spread:
April 2010 111/110 GLD Bear Call Spread for a ROI of 17%
Not quite sure what to do with SPY for this month yet, so I have held off on making a trade. I want to see what happens this week.
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