Friday, December 11, 2009

The Dollar

Going to buy GLD and USO calls and AAPL

The GLD $111. strike
The USO $37 strike
The AAPL $200 strike

I have two reasons for making these trades.

1. The dollar is overbought
2. Next week is option expiration and is typically a strong week

These are very small wagers and could turn into nothing. Also aapl has a nice cup and handle on the 60 minute 10 day chart.

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