Good morning!
You know I'm in a good mood when I have 2 long /SI at $15.15!
Hopefully $15 will hold but, if not, then $1,500 loss and I'll play when it does find a bottom - I'm not going to keep buying until I know why it's collapsing (I assume strong Dollar but hard to say).
Meanwhile, GLD July $111.50 calls are 0.70 so we're going to roll those (in the $25KP and STP) to the Aug $111 calls at $1.95 for net $1.25 so we pick up 0.50 in position and 30 days for $1.25 and our net is now $1.85 (we began at 0.60) so all we have to do is sell Aug $113s (now $1.12) when the September $112.50s expire (now 0.40 so a waste to buy back) and we're down to net 0.75ish on the $2 spread.
