Description
⋅ GLD is on its way to go down soon; the price struggle to go higher and the RSI is decreasing. We also have a rounded top forming.
I will be buying GLD April 20 123 Puts. If it bounce back to 124.50 after the first drop, I will double my position.
The longer trend shows support @ 119, but I will close @ 120.
Cheers,