"GOLD @ Extreme" by trader ucsgears — published July 20, 2015

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Gold Futures (COMEX:GC1!)

COMEX:GC1! Gold Futures

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What's the meaning of this chart?

IvanLabrie

The snapback strategy paying off?
Definitely interesting. Well done.

IvanLabrie

Well, did a calendar spread on GLD. I am biased on Gold. i was only looking for long opportunity. Found this, did the spread, Got out today (auto order), travelling so, hard to monitor.

ucsgears

Amazing. :)

IvanLabrie

Safest way to play the Mid and High prob, is to sell options. Eat all the time premium, it should be filling.

IvanLabrie

FB / GM gave a good premium. Hope they both expire worthless. If it does, quick 7% over a month on just the two trade.

That's how you trade options profitably. Results speak for itself. Just like poker, every hand has its value, every setup has an option strategy and risk parameter.

ucsgears - thanks for this chart and well done. I am very interested in the use of math concepts and maybe kick around some ideas

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