Tuesday, March 19, 2013

GLD Follow Up

The gain wasn't what I hoped for as these were opened in late April when they were a bit more costly, but the decision was made to go with a longer expiration for the very reason of the fact that it looked like there was a good probability the GLD move would take longer to get started, if it didn't, then the calls would have made a killing fast, if it did (as it did), they'd still make money.


 This in itself wasn't a huge gain (I closed 2 earlier as a test of the fill), but with the other positions moving the right direction, the weekly options rank is 5 of 606 with a nearly 23.5% portfolio gain.



Again, while I do like to see good rankings, I find it more useful to see how our positions which tend to be earlier than most people's, fare vs the crowd. We ended up in the right spot at the right time it appears and we really haven't even seen the moves we are looking for yet.

Oh, by the way the fill did come in at $6.50

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