GLD strategy

those GLD 131 next week calls we entered long at .45 have reached .99 already so already over 100% profit today with a week to go till expire, on my formulas multiday direction has turned bullish plus still hold the GLD 131 Feb calls that have regained premium well. GOLD is die for a multiday bounce possibly into next week after the fall it has had as of late but larger picture continue to believe GOLD was a bubble and the bubble may now be beginning to pop so will be quick to tern bearish next week on significant changes

Posted in General Trading