Gold ETF (GLD) Trade Adjustment
After the March $150 Calls expired worthless on our Call Diagonal, we suggest turning the remaining June $142 Call into another diagonal by selling a March $152 Call @ $1.12. This would reduce the total risk of the trade to just $5.94 per contract, less than 4% of the underlying ETF price. GLD has already moved higher after our trade and may have limited gains this week. We will continue to sell calls against our June calls if GLD ends the week below $152.
• GLD – 82% Unrealized Gain: Sell to Open March 27 $152 Call @ $1.12
Market Outlook with Tony Zhang & Michael Khouw @ Thursday March 26th 4:15 PM EST – Submit Your Questions
DailyPlay Trades & Performance
New! Track the performance and history of our DailyPlay trades with our new spreadsheet!