Boring play: GLD Calls
Gold calls positioned for a rally on FOMC news and Iran ceasefire developments. Premiums are attractive and the longer expiry date provides sufficient runway for a move higher.
Past performance does not predict future results. Informational only, not investment advice.
Gold calls positioned for a rally on FOMC news and Iran ceasefire developments. Premiums are attractive and the longer expiry date provides sufficient runway for a move higher.
Author is deploying gains into LEAP puts on GLD, indicating conviction that gold is overvalued and speculative. The position is a hedge/speculation bet against gold prices.
Geopolitical tensions between the US and China over Taiwan, evidenced by a record $11 billion arms package, combined with China's strategic moves to restrict copper and silver exports and support platinum demand, are driving metals prices higher. The author expects sustained upside as supply constraints and geopolitical risk support further appreciation.
End of results.