Friday, April 17, 2009

Just bought 10 puts of Gold

Just bought 10 June 860 puts of Gold @20.60 using the profits from some of my equity profits. All the profits from the last puts, including the original purchase funds, were put back into the account. (10 x 10 x $20.60)



Just like last time, if Gold goes back up...this will just take some of my profits away. The way it's trading...I doubt this will happen right away. (Last time we bought puts, we added almost $11,000 in cash to the Equity account.

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