I still see some support for higher near term prices for GLD, but the overall charts look like the Swing GLD move lower is the highest probability play. I'll be posting a 1/2 size May 15 GLD $116 Put position in the tracking portfolio, I prefer some leverage here as I suspect the downside target is about $110 and I can control my risk (the total premium paid is the total risk).
5 years ago
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