Thursday, December 20, 2012

GLD new Dec month trade, Dec/20/2012

Trade closed at expiry
Sold for 80c for 220% profit
________________________________________________________

GLD slipped in the last few days. I won't buy any puts in here for weekly nor I am expecting a big bounce. With slightly higher vol one thing that comes to my mind is a butterfly to pin 160 with high open int at 160 strikes.


GLD high open int for $160 strikes








GLD daily














SPDR Gold Trust ETF (GLD) Butterfly:  
Buy 1X $159 Dec call
Sell 2X $160 Dec call
Buy 1X $161 Dec call
(Paid 25c) 

*Please do your own research before buying any stock listed here. Disclaimer.
>> Subscribe to our posts.

No comments:

Post a Comment