Option Investor

CLOSING out GFI Dec 17.5 short put

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CLOSING out GFI Dec 17.5 short put for $1.10 - $1.30 DEBIT ( looking to close out at $1.20 DEBIT

Too much down side action and Gold isn't holding up as well as I thought with weakening of the dollar. In addition, the set back with the GOLD project and the 23% increase in mining cost, it may be better to close this GOLD position out and continue to HOLD NG

All subcribers should be exiting this position in GFI

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