Nice Gold move today as the Dollar collapsed after Fed Rate Hike and Powell New Conference.. Sold a 127.5 (1) vs 130 (-2) Call Ratio over the top of half my GLD today. Got a small credit, but if GLD hits 130 by 4-20 expiration could make an additional $2.5 credit per GLD share. Or worst case, call away my 1/2 of my GLD at 130.. but still get $2.5 credit per share in the upside move process. My suspicion is with war on the Dollar - Crypto, Yaun/Oil Market in China, and Tariffs will continue to put downward pressure no US Dollar.
You are viewing a single comment's thread from: