RM's occasional market calls...

So I have actually exited nearly half of my gold put collection this morning. Current gold price: $1235.50.

I can always buy them back later if need be, but gold has already fallen very far, very quickly, and that extreme volume in the overnight action is scary for a gold short like me...

 

Yeah, I've sold <b>more</b> than half of it (gold puts) now. Pigs get slaughtered and all that...

 

Awesome trade. I closed my miner short the other day, left a lot on the table apparently.

 

Nice trades dude!

Whats your thoughts on the market as a whole? These last 3 days have gotten me heavily short on the spys.

 

Thanks! I can see the logic for building SPY/ES short positions right here, and even considered doing it myself today. I'm staying flat SPY/ES over the weekend, but if I did take a position right now it would be with you, not against you.

 

hi,

at what price and you went short on gold ?

 

I sold a lot of gold vol when the miners went + on the day.

 

Many different prices all over the place, but I called out three in this thread: $1,4-something(flip back a few weeks for the exact price), $1,381, and $1,293.

 

Just got out of the last of my gold shorts. Current gold price: $1249.20.

 

I'm now increasing my ADT bear position, which is getting pretty sizable. Current price is $40.87, and I plan to hold until after they report their (hopefully) disappointing earnings on July 31st.