GDX: sold another 200 shares of GDX in short position at $64 per share as part of my short call expired in the money on 12th Sept.
GDX closed the week 5.14% higher and closed at $69.75.
It's also its 6 consecutive week of rise.
I wrote on my weekly summary last week that I would sell and liquidate my positions of GDX closed at $70 and it was at the cusp of it.
Therefore, these positions are still being held.
At the correct momentum, expect some readjustment of trades be it partial or all positions sometime next week.
$70 will be my cut off zones if GDX closes above it.
On the positive note, $70 might provide some profit taking zone and adjust lower? Perhaps a wish.
Next week's Fed rates announcement likely be key mover if gold will move higher or lower so I'll monitor that.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 64.00 200 | -- Closed |
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- sunshineboy·09-14Careful with those cut-off zonesLikeReport