We added a GLD hedge this morning. It has fallen from that entry price. However, that means that our bear call spread is in much better shape (and making money). We are going to stick with the GLD shares potentially into expiration this weekend as we aren’t at a max profit yet in that spread. We may swap out the GLD shares for GDX shares on Friday. We have taken profits on our CCJ 1×2 put spread. This trade has worked out really well.
Sell to close: CCJ March 20th (monthly) 110.00 strike put (ratio of 1)
Buy to close: CCJ March 20th (monthly) 100.00 strike put (ratio of 2)
Credit: 4.75
Entered at 0.52 debit and exit at 4.75 credit. The result is a profit of +423.00 per spread traded.