Friday, August 8, 2008

Exit GLD options for 278% Gain

The current price of GLD is a little above 84.00 which was may target price for exiting this trade. The 93 put option I suggested is currently at 8.50 up from 2.25 at entry for 278% gain!!!

I am suggesting an exit now, if there has not been an exit yet. So this is the price I will use to calculate the return on the trade.

Pete

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