gdx - in for the trade

    Posted by hazbin1 on 27th of Nov 2013 at 10:10 am

    decided i like the odds, with a caveat of course. basically i'm a bit of a chicken, so i took the trade with a twist. I executed the following when the etf hit 21.67 (closing the open gap up). sold dec 6, 2013, 21 strike puts @ $0.27. standstill ROR is ~55%. i just couldn't resist after reading the posted stats from Matt and looking at the closing rsi2. good trading.

    Those puts are no longer

    Posted by cubby on 27th of Nov 2013 at 01:34 pm

    Those puts are no longer available for that price. Congratulations on a trade that looks quite smart. I just wish that I had thought of this myself. Bravo!

    GDX - rsi 2 -worked

    Posted by hazbin1 on 9th of Dec 2013 at 02:00 pm

    for those following along, i was assigned this weekend @ $21, sold out @ 21.01 this am. realized my return objectives, paid for another BPT subscription.  Money Mouth. on to then next idea.

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