Friday, April 23, 2010

Taking a Shot at Gold (GLD)

Quick note as this is going out 5 minutes before close: I am buying the following call spread in GLD:

- Buy to open June $114 calls
- Sell to open June $118 calls

Just my hunch (there is no science here), I think GLD is about to skyrocket to $120.  I just filled the order for $1.32.  

Good luck!