This puts the weekly performance of the options tracking portfolio at #7 of 415, which isn't a victory lap, it's more to show you how a lot of people are getting chewed up by not being nimble in this environment.
As you know, I have very low tolerance for corrections or loss of momentum in options positions, some of you are different and that's fine, but I'd rather open a new position after the consolidation is over and as mentioned, this position for risk management purposes would be about twice as large as it should be, but I really like GLD and wanted some longer term exposure and I'll show you why next.
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