Closing our GLD options trade +150%
Commodity Idea
Closing our GLD options trade (see below) that we posted on 9th May.
Selling the Put spread at $4.00 for a profit of 150%
Current price: $293.22
We still think it has room to move lower to hit target of $280
We are seeing a short term shift in the DXY as well as GLD 0.00%↑ ranging. The next 4 weeks could see Gold giving a pullback alongside the DXY strength. A move down to $275-280, would match the short term cycles.
Options Trade: June 13, 2025 295/285 Bear Put Spread - approx. $1.60
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