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<p>[QUOTE=&quot;desertgem, post: 2268647, member: 15199&quot;]Well GDX didn&#039;t move up so it appears your bet is safe. Today the GDX dropped quite a bit, so referring to post #10 above I sold 40% of the Put portion of the 17 straddle, which paid off most of the CALL portion of it. I left the call portion there as it had lost almost all of its value, but I added a Dec 18th Call of 14, so I still have a straddle, and will benefit if GDX goes at least $1.50 either up or down before Nov.20.&nbsp; Basically, I made 70% off the portion I sold. And even though it is PAPER, it can buy a lot of silver or whatever. Done inside my ROTH IRA, so no taxes due. Nice day. I don&#039;t care if it goes down more or up, just as long as it does <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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