re: GLD I might buy some March 50 or 70 puts tomorrow morning. I currently have some February puts, but I'm look for a multi-month drop for gold. It may be a good hedge for me cause I am net short the SPY w/ Jan & Feb puts. GLD Mar 2009 50.0000 Put(OPR: GVHOX.X) Last Trade: 0.10 <a href="http://finance.yahoo.com/q?s=GVHOX.X" target="_blank">http://finance.yahoo.com/q?s=GVHOX.X</a> GLD Mar 2009 70.0000 Put(OPR: GVDOR.X) Last Trade: 1.14 <a href="http://finance.yahoo.com/q?s=GVDOR.X" target="_blank">http://finance.yahoo.com/q?s=GVDOR.X</a>