Sold APC July $40 puts at a nice 35% profit per – still holding BP puts however

on GLD watch carefully and be ready to switch from calls to puts quickly if there is failure to take out $123.50 in next few days

on GLD nice upward spike-still feel correction coming especially if we do not take out recent highs-hold our calls and move stop to $120.50

ps- on BP it has hit and broken my second target of $27.50 next target $25 and lower!

For APC basically same as BP with storm moving towards gulf, on the hook for 25% of the oil spill claims-hold your puts move stop to $37.70

BP -I love the claimers saying “we were 1st”, we know who was! Hold your puts and move stops to $29.25 equivalent-we’re in huge profits!

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FXE new resistance point at $123.49, added some more $120 puts since cheaper and am looking for re test of recent lows move stop to $123.89