Monday, June 17, 2013

HYG Call P/L & GLD Charts...

Earlier today I posted that I was going to have to take a loss on the HYG calls that I was holding, looking forward to them really moving on a short squeeze, however with the way HYG was looking today, I opened a small put instead.



The loss on the $92 Calls was -5.76%, but very manageable at $-200


This was the bigger one, HYG $93 represented nearly a -36% loss.

As for GLD...
 The 2 min chart looks good

the 3 min looks better...

The 5 min is insane.

Also the 5 min Gold Futures looks good.

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