A possible setup: a November 27th 101.5/104.5/117/120 Iron Condor, the stats for which are as follows:
Max Profit: $60/Contract
Buying Power Effect: $240
Notes: I would note that the 52-week ThinkOrSwim IVR for GLD is currently pegged at a paltry 21, but on shorter time frames, the IVR is higher (69 for 6-Month Dough IVR ). I could naturally wait until a higher IVR , but want to put on the setup with price currently where it's at, which allows breathing room to the up and down sides.