Tuesday, February 19, 2013

Dead (GLD) Bug

Last Thursday was bad. But on Friday when GLD gapped below my short put strike, then dropped below the long put strike, it was bad for my GLD credit spreads. For lots in two accounts, -92% and -100%. Then there's the spread for this Friday and next month. Oh, and there's GDX for next month too. Fingers crossed.

The UNG credit spread puts expired worthless, +25%.

The new position in NSM just clipped the trailing stop and sold Friday, -0.6%. Today DVA hit the stops, +4.8%.

I bought calls in DBA, hoping for a short term reversal.

I bought shares of GOOG and GTLS.

GALE, GEOS, and AI had a good day.

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