Thursday, July 12, 2012

Closing GLD Put-Moments After the last post...

First I'm closing this put based on the last post...

 It's a small loss of 7%, not a big deal

 Just after I published the last post, GLD breaks out intraday

 Here's the large flag's support which GLD pulled back to and local resistance ahead. I may consider a GLD spec. long call position, I'd like to have the time to watch how it reacts at the white trend line, but I don't so if I enter a GLD option, it may not be the best entry, but that's the time I have. I'll let you know if I decide on a position.


The larger view of the bear flag, in the white box you can just make out a bullish descending wedge.


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