Saturday, September 5, 2009

Today's Trades

GOLD
Sold a DEC 50/80 strangle for $4.70 credit. Talk about juicy! It's been trading in a range between 55 and the low seventies since early May.
UPDATE:Got out a nickel ahead, too volatile for me.
OIH
Sold a OCT 90/120 strangle for $2.22 credit. Here again, the trading range has been well within these strikes for several months now.

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