With a 6.5% move up in the last 27 days and also increase in volatility. I made a Call Ratio spread in addition to the other trades I already have in GLD, including a double diagonal and a strangle.
Doing this trade alone is as high probability trade with a 83% chance to make money.
Max win per contract is $250
Bought one 123 Call for every two 125 for a .50 credit.
I did 2 of those, so the trade would be:
+2 123 Call
-4 125 Put
Max win $500
Doing this trade alone is as high probability trade with a 83% chance to make money.
Max win per contract is $250
Bought one 123 Call for every two 125 for a .50 credit.
I did 2 of those, so the trade would be:
+2 123 Call
-4 125 Put
Max win $500
Trade active:
This trade is already on profit and at max win to the downside, so if anyone took this trade alone, it can be closed for a nice win.
I am leaving the trade just because I still have the double diagonal on, and rolled the put side up to reduce my cost basis.
I am leaving the trade just because I still have the double diagonal on, and rolled the put side up to reduce my cost basis.
Trade closed: target reached
