NaughtyPines

OPENING (IRA): GLD MARCH 19TH 163 SHORT PUT

AMEX:GLD   SPDR GOLD TRUST
... for a 1.78 credit.

Notes: Building up a GLD position a little bit here on this recent weakness. Targeting the strike that pays at least 1% of the strike price in credit, which here is the 22 delta 163. Going out to March, as I already have some on in February.

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thats SO far out haha you're so patient, i commend you
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NaughtyPines Pholesolus
@Pholesolus, Yeah. Just looking to stick some BP somewhere, basically. At this point, I'm really looking at bringing in particular dollar amounts, as opposed to a given ROC %-age, so will disperse risk over comparatively larger time frames than most like to do. It's slow and boring, but I can get away with checking it once a week tops to make adjustments, take profit, what-not.
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