February 6, 2012

High Probability Gold Trade

Gold (symbol: GLD) is once again my target for the next week or so…if we can hold the 119 level with a close on strong volume I will stay long the GLD calls 19JUN10 115 C.  Once we reach the $122-$124 I will look to exit the trade or, depending upon how much time we have left with the June options, add to the position and protect it with at the money puts – … if you are trading – tell us what you are looking at…

Post comment as twitter logo facebook logo
Sort: Newest | Oldest
Promote my blog