Im at an interesting juncture right now. All my puts and written calls expire today. That leaves me with a few calls for August and written puts on CBA. I now need to hedge those puts. Im hoping this rally will continue but I dont think it will.
As for JPM, they sounded a little too squeeky clean in their statement last night. I smell a rat. Its common knowledge the the fed intervened in the gold market to prevent JPM from going bust over gold shorts.
