buy GLD sept 160 puts

Discussion in 'Options' started by mikeenday, Aug 22, 2011.

  1. mikeenday

    mikeenday Guest

    it's still cheap.
  2. S2007S


    Agree, Im bullish on gold but I think its ready for a pullback sooner than later, Im really looking at buying ZSL, (silver short etf) trading around $10.95, I think its due for at least a 25% jump!
  3. I would like to see at least a 5% decline in any of the metals before going in but I agree Gold may be overvalued soon. When I couldn't tell you. A nice straddle here and now may be worth it but I can't pin it short term.
  4. At $0.45? No, it's far from cheap, it's a freaking rip-off.
  5. GordonTheGekko

    GordonTheGekko Guest

    It's not a -good- deal, so why not be more productive with your money?

    Peace of mind? Everyone has bad luck.
  6. Good call, up 100% since the original post. GLD Sep 2011 160.00 put
  7. mikeenday

    mikeenday Guest

    sold @ 1.52

  8. S2007S


    Trading $12.65 + 15% in a few short trading days!!!!!

    :D :D :D :D :D
  9. Great call! How much did you risk?
  10. mikeenday

    mikeenday Guest

    10 calls @ .45

    #10     Aug 24, 2011