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GLD call credit spreads

Gold—sideways for the week?

September 14, 2011 by

I opened a 179/180 spread in GLD for a net credit of 0.20 for calls expiring this week.  I’m betting there is enough downward pressure on gold to keep GLD below 179 for the week. . . .. . . . . Chart from Schwab StreetSmart Edge

Tags GLD, GLD call credit spreads, gold 1 Comment
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