Wednesday, September 19, 2012

bullish consolidation in SPY

i rarely look at options close to expiry but i just picked up small batch of sept 28 145 calls at 2.1. potential to get wiped out but i think it is much more likely sSPY is up a handle by expiration

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July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...