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Benji
Feb 12, 2018 4:36 PM

GLD Long

SPDR Gold TrustArca

Description

Long via Mar16 124/129 call spread for $2.09

POP: 475
Max Loss:$209
Stop Loss: Price at $124.25
Target: $129 (will peel off here)
Max profit: $291

long 124 call: 64 delta
short 129 call: 28 delta

Comment

Comment

Added a short Mar16 118/127 put spread here for $1.15.

Stop loss: Price at $126.20
Target: 50% credit recieved

118 put: 4 delta
127 put: 40 delta

Trade active

Stopped out of the put spread for $81 loss, filled at $1.96.

Trade active

I closed my Mar20 124/129 call spread this morning for $2.23, so a small $14 winner.

Reason being, I am still bullish, but the Mar20 spread was not going to give me enough time in terms of going the direction I needed it so, especially with this down move back to my entry point. I've re-established with a diagonal to keep on close to the same position.

Bought Jun15 $124 call, sold Apr20 $130 call against for $3.87.

Max loss: $3.87
Max win: If we shot up today, $600-$387 = $213
Stop loss: Price at $124 or below
Target: Price at $130

long $124 call: 59 delta
short $130 call: 27 delta



Trade closed: stop reached

Stopped out here on the gap down, manage your risk!

Closed out at $2.91 cr
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