Trade of the Day (GLD) 8.27.2012

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goldbarsTrade:  Buying the $GLD August weekly 162 Straddle for $2.10

Risk: $210 per 1 lot

Reward: Unlimited

Notes:  good risk vs reward with Bernanke speaking this week

UPDATE 9.11.2012  This trade was a Small Winner and Closed at $4.22, another Winner and Moving on.