NaughtyPines

GLD NEARING .50 FIB BETWEEN 5/18 HIGH AND 7/24 LOW

AMEX:GLD   SPDR GOLD TRUST
With GLD             at or near the .50 between the 5/18 high and the 7/24 low and with a fair amount of short-term volatility , a premium play may be afoot.

A possible setup: a November 27th 101.5/104.5/117/120 Iron Condor, the stats for which are as follows:

71% POP
Max Profit: $60/Contract
Buying Power Effect: $240
Break-Evens: 103.90/117.60

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.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out