Issue #106
| Recommendation UPDATE:
Cancel and replace your order to buy 10 April 2014 put options on the SPDR Gold Shares (GLD), strike price 127, symbol GLD140419P00127000 at a price of $2.00 or better, to open. NEW PRICE: Buy at $2.60 or better, good till cancelled. |
Dear Member,
Gold is down nearly $18 and it seems that many investors jumped to buy the above puts right from the get-go this morning.
If you stuck with my limit, you were not filled on the order. But given gold’s sharp decline, which appears to be the beginning of a much larger slide, I recommend immediately raising your bid for the put options to $2.60 or better, per the above instructions.
Stay tuned.
Best wishes,
Larry
