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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