Trade Ideas; GLD, SLV, GDX, TBT

It looks like the precious metals have corrected and are near a bottom. It might me a good time to write far out of the money puts on GLD, GDX and SLV. I say far out of the money because this market is very unpredictable and it gives us a nice margin of safety. I've written a bunch about the precious metals and like them because they're a safe haven, a hedge and they're money.

TBT is down premarket. This might be a chance to write far out of the money puts on it. We are in a treasury bubble and yields are way too low. When deflation inevitably gives way to inflation treasury yields will need to rise. When the U.S. asks China and others to buy record amounts of debt this year they will need to pay them better yields.

These trades seem fairly safe to me. I would still write puts way out of the money or if you're writing covered calls, write them in the money. Things are different now. This is a Depression. On rallies buy out of the money index puts for protection. Stay safe and good luck.