Trade Idea (Short term Options) GLD Speculative Puts

Gold ran up on SNB's action today, however, at least for a near term swing, I suspect we are ready to see some downside very soon, quite possibly before the close.

I'll be opening a half size (speculative) position in Feb 20th GLD puts, just because the market is so fluid right now with news events and the actions, reactions and fading of all of the above.

I'll post charts in just a few minutes, but there are plenty of short term negatives in place and remember that Gold is typically bought on inflation expectations which may build, but right now after yesterday's retail sales, today's Initial Claims and Philly F_E_D (especially the employment sub-index), it would seem that inflationary pressures are not high on the list over the next few days of perception, but this is really about the charts, I'll have those out in just a moment.

I'm looking at this as a very short term trade and speculative. Again, GLD Feb 20th 121 Puts.