Monday, May 3, 2010

GLD May calls

After my April GLD spread went the wrong way last month I decided to buy back my puts and leave some of the GLD 111 calls open. I then rolled the calls over to May 2010. Today I decided to sell off the profits made which ended up making up a lot of my losses from the original spread trade.

May 2010 GLD 111 Calls ROI +105% for +$3,515

This puts my account at around $14,160.

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