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gld - Buying a lottery ticket to bet against gold
Got a fill on $147 strike March $GLD puts Tuesday @ $3.25.
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Out of those puts today at $6.55, for a gain of 101.5%. Decided to unload them after seeing Tim Knight's end of day video last night, suggesting GLD had hit the bottom of a trading range: http://slopeofhope.com...
FYI, this is the post I wrote that prompted me to short gold at the time: http://seekingalpha.co...