Bearish on GOLD : Buying cheap put options instead.
Hello Traders : we are bearish on GOLD today.. but as always price can turn in any direction...
however still to enter bearish setup we have decided to buy cheap Intraday options and hence limiting our maximum risk :
PUT OPTION 1910 STRIKE PRICE : currently you can buy @ 1.80 euro per lot..... ( lots of options are different and smaller than spot market ) we have decided to buy 5 lots at minor investment of 9 euro approx....
if price moves below 1910 then will update you profit expiry is today at 7.30 pm gmt...... also if premium price increases we can exit early by taking profit... if not our fix loss is already decided irrespective of how much price moves to the upside.....
however still to enter bearish setup we have decided to buy cheap Intraday options and hence limiting our maximum risk :
PUT OPTION 1910 STRIKE PRICE : currently you can buy @ 1.80 euro per lot..... ( lots of options are different and smaller than spot market ) we have decided to buy 5 lots at minor investment of 9 euro approx....
if price moves below 1910 then will update you profit expiry is today at 7.30 pm gmt...... also if premium price increases we can exit early by taking profit... if not our fix loss is already decided irrespective of how much price moves to the upside.....
Trade closed: stop reached:
options expired worthless... 9 euro loss.. approx