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Gold/Silver Ratio varies with time having gone approx. between 44 and 59 in the last 12 months. Usually if Silver starts behind with a high Gold/Silver ratio, when Gold takes off eventually Silver follows and eventually outperforms Gold in that the ratio narrows a lot. BUT, and this is the...

Since I see it moving yesterday I opened the following spread instead of trying the suggested butterfly strategy: GLD SEP12 Sold 1 Put of $159 for 2.71 Bought 1 Put of $158 for 2.23 Gross credit received + 0.48 Max Reward: Credit received minus commissions Max Risk: - 0.52 +...

Thanks for the comments and idea. I am going to analyze butterfly trades versus those credit spreads and see what I find thanks. I've been following Gold and Silver for a couple of years. There's so much hype that one never can be sure what's gonna happen. In spite of it I am heavily...

Any opinions on this Credit Put Spread? Sell 1 Dec12 GLD P of $148 Buy 1 Dec12 GLD P of $144 Credit Received: 1 + Max Profit: $100 Max Risk: $300 BE: $147.30 + My platform says 71.40% chances to profit.

I've looked, as an example at: Sell 1 GLD Dec12 $159 P for $5.10 Buy 2 GLD Dec12 $164 P for $3.65 each Ttl debit for trade: -$2.2 Ok ok erased rest of my msg here as my calculations were screwed obviously. Max risk can be indeed around $730 if GLD closes just below $164.

But wasn't last December when GLD hit its low in the last 12 months? Just reminding.

Thanks, I'll be happy just continuing reading your good trading ideas. Not all of us here despise nor mock you behind your back.

Thanks, don't know if price changed quickly but right now unable to get $30 or anything as credit for that spread.

So especifically right now you'd be getting +0.30 for both credit spreads, with a maximum risk of 0.70, that is in dollars basis 1 option each leg: Max profit: + $30 (initial credit) Max risk: - $70 ?

URL http://www.traders.com/index.php/sac-magazine/current-contents/feature-articles/51-real-world/1365-the-queen-of-the-iron-condors

Well thanks, good ideas. Always easier in hindsight though etc. Look at BBVA 6$ Put expiring today, stock now below 5.70 but i closed the option days ago already...

Just sold 4 TBT Jul12 $14 PUTS for 0.06 getting net after comm $17.94 Also sold 2 TBT Jul12 $15 PUTS for 0.38 getting net after comm $72.96 Both big losers but at least got something before expiry. One position left and will report on completion.

Just sold 4 TBT Jul12 $14 PUTS for 0.06 getting net after comm $17.94 Also sold 2 TBT Jul12 $15 PUTS for 0.38 getting net after comm $72.96 Both big losers but at least got something before expiry. One position left and will report on completion.

July 2011 <-- ?:confused:

********* Just to take this story to completion, just sold the 5 BBVA Jul12 $6 PUTS for 0.15 getting net after commissions $67.43 which I haven't decide if I'll reinvest in BBVA or just keep for a future trade in something else. Will keep you posted on how the whole position closes. Thanks

Am looking into this, thanks. Thanks to everyone else that I have not quoted, everything is useful.

Yes I think I rushed into these trades based on "news" more than anything else. Next time I will be more careful for sure before gifting my money to the market like this.

Thanks these are good ideas. Since tomorrow is holiday I will go through each and see if can do. Perhaps option 3. is the one.

Yeah but is this a "solution" or just a new trade altogether? If the latter then I might as well scan through all the other possible trades out there.

Thanks but this really is risking getting into the same problem again. Will look for other stocks for next month.