GDX: take loss on this losing trade.
GDX had been one of my biggest lower in the past few weeks.
I was shorting the gold miners and gold is running all time highs are the miner are doing great.
Clocking it's 6 weeks of rising price, and closed 3.74% higher for the week at $72.36.
Decided to cut loss by buying back these 2 short calls and also 500 shares at a loss.
I still have 6 short calls all in the loss zones that will need to unwind fully later this week when market opens.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 14.40 2Lot(s) | -47.88% Closed |
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