I don't know how, but I overlooked gold and my two wining trades on the gold ETFs IAU and GLD are now under water. Initially I wanted to get out of IAU or GLD and short it, but I don't want to accept the loss. So we will hedge the full positions in each of IAU and GLD via SLV.
Sell short 100 shares SLV @ 167.00 Stop @ 172.50
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look at the volume on the july 15 puts on LEH.... its 5 times open interest
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