buying GLD 147 weekly puts at .40-.44 same contract amount as the long on 146 puts. This brings about faster premium gain if we have a sharp fall

 

buying GLD 147 weekly puts at .40-.44 same contract amount as the long on 146 puts. This brings about faster premium gain if we have a sharp fall. Still believe that a bounce shuld come on gold intraday but have to make this position to create a hedge now that we have locked in the gains on the 149 calls long. 

 
 
Posted in General Trading