buy GLD sept 160 puts

it's still cheap.

 

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!

 

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.

 

At $0.45? No, it's far from cheap, it's a freaking rip-off.

 

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

Peace of mind? Everyone has bad luck.

 

Good call, up 100% since the original post. GLD Sep 2011 160.00 put

 

sold @ 1.52

 

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

 

Great call! How much did you risk?

 

10 calls @ .45