Yes 1300 would be....It would put GLD over the 125 price and the "paper traded" options I purchased a few weeks back when I was at the optionsmillionaire message board right when GLD went below 115 would actually be "in-the-money" before expiry...Nice to see Gold gaining ground....If your interested and have time, check out the STARCORE message board here on ihub....not many people there yet on this interesting Junior Gold Producer.