Trade · Hedge
GLD
SPDR Gold
Plan
- Cut
- Daily close below $413.
- Take profit
- 430 then 445–450. 430 is next.
- Add
- Hold $413–418 (200-day). Same Jan $415C. 430 is first, not the add.
- 1× Jan $415C @ $28.60, $2,860. Spot ~423. 200-day 413.
- Cut: close below $413. FOMC Sep 16.
- First 430. Sell 445–450.
The take
Mark $34.65, +$605. Trail cut to close below $413. 430 then 445–450. FOMC Sep 16.
Expression
- 1× Jan ’27 $415C @ $28.6
$2,860 cost · 143d
Tape
Marking…
Stop
Trail: close below $413 (200-day)
Spot ~423, 200-day ~413. 394 is a gift now. Lose the 200-day and this is no longer the reclaim.
Outlook
- FOMC + SEP16 Sep · before expiry
- FOMC28 Oct · before expiry
430 first. 445–450. FOMC Sep 16. Trail $413.
News
Quiet on this name.