Kudrna's Stock Market Talk

GOld trade playing a retrace to the 1800 level using the GLD. BTO March 169 Calls 10 contracts for 4.35 (-4350)
STO March 178 calls 10 contracts for 2.35 (+2350) STO March 164 Put for 2.40 5 contracts (+1200) The net cost of this trade is $800. I will go equal weight on the puts if the price of GLD falls more. If the position starts moving in my direction I may close down the put position or add some one at a time at a higher strike to fully finance the trade