So this trade has done pretty well… there hasn’t been a massive retracement higher in GLD but instead the shiny metal has gone sideways for a while.
I’m going to close here and look to reenter if/when GLD hits 115 for the first time.
| IWO Premium Order Ticket | ||||
| Type | Asset | Duration | Strike | C/P |
|---|---|---|---|---|
| BTC | GLD | 18 Nov 16 | 116 | Put |
| STC | GLD | 18 Nov 16 | 113 | Put |
| Total Debit: | 0.25 | |||