Long GLD and short 90 calls for october.
This is my only position right now. I am thinking about just running a simple "buy-write" strategy for the next few months. This will give me the safety of gold with some of the volatility being dampened as I bring in the monthly credits. I would love to hear some thoughts from my trading friends... What say you?
Posts
1 comment:
I'm not certain that gold has topped out (or that equities have bottomed)- but then, you know the upside risk. In addition, I know that you have a strong profit in the position (qualified retirements acct., right?), so you're probably cool getting called away, so yeah, sure, why not? I'm sure you'll mop up, as always. :-)
Post a Comment