Options Oracle: 11/08/14


The iShares Gold Trust trades 1/10th the price of GLD making this a cheaper way to add to our gold position. The January 2016 10 calls are trading for around $1.80 making this a great position to hold on to as we look for spreads and credits that will help us pay down the cost of these leaps. Eventually my goal is to wind up with a FREE position in IAU as we add cash to our account through the strategies I just mentioned.

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