12:14 pm PST. I closed out half my GLD puts +25%. I wanted to hold them until tomorrow, and probably should have scaled out earlier when they were up 60%. I had planned to hold until tomorrow, but with this pop higher now into the close, it made me nervous, so I just exited half.

8:05 am PST. The FXY looks like it still needs to go down to 83.50, which gives a clue that gold might still go to 1200 this week and today is just a one-day bounce.