$GLD 20261002 365.0 PUT$ 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.
| Side | Price | Filled | Realized P&L |
|---|
| Sell Open | 0.56 1Lot(s) | +69.65% Holding |
SPDR Gold ETFDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments