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Re: Casey dispatch- as previously mentioned this is in my inbox today
The GLD puts we purchased as our insurance trade are nearing expiration, and it's time to sell. They are currently trading at $6.60, yielding a 257% gain. Combined with the 500+% gain we garnered when we sold two-thirds of the puts a few weeks ago, we'll be cashing out for a minimum gain of 430%. Depending on when you sold the first tranche of puts, your own personal gain could be considerably more.