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How many of you listened to me then and hedged your GLD positions? My GLD puts (the March $147s) are up 93.33% today. GLTA.
Now those puts are up 120%.
Out of those puts today, for a gain of 101.5%: http://shortscreen.com/message-board/344-buying-a-lottery-ticket-to-bet-against-gold-spdr-gold-shares-gldLooks like longs are getting another opportunity to hedge. Consider taking advantage of it.