NaughtyPines

OPENING: GLD SEPT 20TH 128/130 LONG PUT VERTICAL

Short
NaughtyPines Updated   
AMEX:GLD   SPDR Gold Trust
... for a .21/contract debit. (Late Post)

Metrics:

Max Profit: $179/contract
Max Loss: $21/contract
Break Even: 129.79
Delta/Theta: -6.26/-.43

Notes: Put this on in the closing minutes of Friday's session. Looking for a move back to the short-term range lows ... .
Comment:
I'm fairly certain that this is going to be expiring worthless. Small shot, taken too early. At least I'm not out much.
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