Trade Idea (Options) GLD PUT

It looks like GLD is going to see a pretty decent pullback, I can't say it will be too much below the $116 area and for that reason, I'm less interested in the 3x short gold, DGLD and beyond that, the liquidity in DGLD is atrocious.

I'm going to open a partial GLD (about half size) November 22nd (monthly) Put with a strike of $120, just in the money.

I'll have some charts out in just a few minutes, but there's not much time in the day and I wanted to get this out there.