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May 30, 2014

$GLD - 5/28/14

  • Strategy: Bearish Put Butterfly
  • Underlying: GLD
  • Trade: BUY +1 BUTTERFLY GLD 100 JUN 14 123/120/117 PUT @.80 LMT
  • Trade Price: $80 debit per spread
  • Margin: $80 per spread
  • DTE: 23
Risk Profile:

Trade:

We're entering a slightly bearish to neutral trade in GLD. We will look to add another put fly with GLD around 123 area.