Justification:
Directional Play: Yes, sticking to my thesis from a while back that gold and silver have room to pullback.
Technical: Long-term support and resistance level.
Fundamental: Contra to popular belief, /SI and /GC are not acting like safe-havens.
If/Then:
Take profit? 50% credit received
Where will you hedge? $16.15
Strategy Details:
Short and Long leg: $16.15, $16.5
Short Leg Delta: 0.15
Duration: April 27
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Directional Play: Yes, sticking to my thesis from a while back that gold and silver have room to pullback.
Technical: Long-term support and resistance level.
Fundamental: Contra to popular belief, /SI and /GC are not acting like safe-havens.
If/Then:
Take profit? 50% credit received
Where will you hedge? $16.15
Strategy Details:
Short and Long leg: $16.15, $16.5
Short Leg Delta: 0.15
Duration: April 27
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Comment:
Counter put spread closed for $0.21DB. Will continue to monitor call side and balance directional risk when the opportunity arises.
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
