GLD/DZZ Update

At  9:48 this morning I questioned whether GLD was broken. At 11:30 this morning I posted this trade idea short GLD/long DZZ ( $183.34/$3.94). 

The trade idea was a low risk set up and  know for a fact that several people too it, some playing short term options so they should be having a great day.

Here's GLD now...

GLD has now taken out Monday's range as well as Friday's close and total range.

DZZ is up over 8%, I'd like to know how our options players are dong on the short GLD trade?

This was a great example of a low risk trade, so long as you kept you risk management in place, it was virtually, well lets just say it was a very limited risk trade.

GLD taking out the last -days of trade range is another story altogether and belongs back with my original post, "Is GLD Broken?"