Trade of the Week: Unusual Options Activity in Gold


Re-Tweet
Share on Facebook
Share on Google+
Share on LinkedIn

There has recently been unusual options activity in SPDR Gold Shares ETF (GLD). GLD is
a popular method for trading gold as the ETF is based on physical gold holdings. Gold
prices are moving higher due to the potential conflict between the US and Iran. Gold is often
used as a hedge against uncertainty, and what may play out in the Middle East definitely
qualifies as uncertain. A trader bought almost 9,000 February call spreads in GLD that
make money if the ETF goes above $151.85, with the current stock price just under $145.
It's a debit spread so the trader can only lose the amount spent on the position but can
make roughly 7x the premium at max gain.

$500 into $678,906? 

If you had followed Jay Soloff’s 2018 trades, with a little luck, you could’ve turned $500 into as much as $678,906. That sounds unbelievable. But you gotta see how it’s possible. 

If you can scrounge together $500 in cash, it could’ve been worth a small fortune today. Check out how it could’ve happened for you, click here.