This trade is for the options traders out there. We have a breakout of the falling wedge and the rsi is coming out of oversold. Expecting bearish sentiment on the S&P in the near term and gold to perform well in the meantime. I will be accumulating March 20 20 18$ calls which are currently priced at .78-.79. I will be holding these calls through the market correction until GOLD starts giving sell signals.
Comment:
I was unable to get the entry I was hoping for but will look for an entry on this pullback. Hoping to still get some of the calls close to .80
Comment:
This is a good time to re accumulate March calls
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