Tuesday, December 10, 2013

Closing some Gold positions

There's an older GLD December $126 call that was down 90+% and not coming back, it's for the 21st expiration, today it's down 74% (of a spec. position size) which is a far sight better. I'm going to take some of my lumps there and take half that position off and free up some dry powder.

The more recent GLD December $126 (down about -30%) I'll hold, but I'm taking all of Friday's UGLD long equity off the table here, I'll look for a possible gap fill to re-establish it.


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