The Dow zoomed to the upside, up around 110 points. Volume was good and the advance/declines were 3 to 1 positive. Unfortunately my open order for OEX puts was filled right at the open. I caught the high in the contract for the day. In hindsight, I should have canceled the ticket yesterday. The beginning of the quarter money poured in today. I made a mistake. I should have seen it coming. Perhaps my concern for gold took my complete attention away from the OEX. It is a difficult game. I need to get better. I sold the OEX puts for a loss near the close. No sense in holding on, although the time factor would be in my favor. I took a 55% loss in one day. Luckily for me I did not have a lot of money involved with this trade but it is a loss none the less. Not a good way to end the week and approach the weekend. Gold didn't do much today. The XAU was down around a point. NEM was down a little. ABX did not move. The volume slowed on the decline. That's usually a good sign. However ABX has not pulled back, which I would like to see before we get going to the upside again. That's a best case scenario. 2 weeks to go for that one. It is up around 100% at this time. I'm looking for some more upside before exiting. Might get back here this weekend.
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