Tuesday, April 6, 2010

GLD trade

The GLD trade for April 2010 went completely wrong and I had to close out my spread trade and take losses. I decided to do something a little different and leave 12 of the April 2010 calls open. I then decided to roll those 12 Calls to May 2010. I'm hoping that the GLD breakout of 110 will continue for the next week or so and I might be able to recover my losses.

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