Gunners80
09-28 22:42
$GLD 20261002 365.0 PUT$ 

1️⃣ Why am I making this trade now?

Sold a cash secured put for GLD expiring this fri to capitalize on the volatility spike during yesterday dump. Chosen a strike further than the 1 standard deviation away and below recent swing lows.

2️⃣ What’s my plan from here?

To continue to look for opportunities to sell puts and collect premiums during extreme moves. Gld also provides some diversification from other tech stocks related play. Will watch for opportunities in SLV as well since both gold and silver usually trade in similar directions. 

GLD PUT
09-28 22:36
US20261002 365.0
SidePrice | FilledRealized P&L
Sell
Open
0.56
1Lot(s)
+69.65%
Holding
SPDR Gold ETF
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Comments

  • EvanHolt
    09-29 14:32
    EvanHolt
    Further dated would juice the theta more, but this setup is clean. The real edge is IV cooling after the dump, not just the 1SD strike.
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