Replies to post #42541 on Options Wonderland

[Market Technician]

watch GLD for easy put position of your liking, go out to JUNE.

I am eyeing GLD Jun 2009 50.0000 put (GVHRX.X) for 30 cents (I would like to buy it cheaper, but may not get the chance).

I have a bunch of these: GLD Mar 2009 50.0000 put (GVHOX.X), but may go out to june if GLD rises a wee bit more and June put prices come down.

Use your TA to find GOLD top this week, then pull the trigger.