GLD Calls

I believe most of us have either May 3 $134 or May 10 $130, obviously I will probably want to look at momentum in each of these, but I suspect the May 3rd's will go first on any fade in momentum. I think GLD has a good move ahead of it, but I doubt it's a straight line move so you'll have to consider momentum and time decay.

I see several targets to $143, $150 and maybe even $1.54 plus, I'd rather hold on to the May 10ths going for a longer move, but we'll see how it plays out and the signals we get. There's a little downdraft in the gold futures, but 3C is not negative, just in line so I'm not worried about it.