Diary | 3/17/2020 | /GC Spread
Updated
Justification:
Directional Play: Yes, sticking to my thesis from a while back that gold and silver have room to pullback. Long-term, could it go up? Potentially.
Technical: Between 20 and 50 moving averages.
Fundamental: Contra to popular belief, /SI and /GC are not acting like safe-havens.
If/Then:
Take profit? 50% credit received
Where will you hedge? $3.10
Strategy Details:
Short and Long leg: $1610, $1630
Short Leg Delta: 0.26
Duration: April 27
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Directional Play: Yes, sticking to my thesis from a while back that gold and silver have room to pullback. Long-term, could it go up? Potentially.
Technical: Between 20 and 50 moving averages.
Fundamental: Contra to popular belief, /SI and /GC are not acting like safe-havens.
If/Then:
Take profit? 50% credit received
Where will you hedge? $3.10
Strategy Details:
Short and Long leg: $1610, $1630
Short Leg Delta: 0.26
Duration: April 27
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Note
*FIX: Where will you hedge? $1610*Note
Managed position due to call side breach. Here is the current position.Note
In regards to the adjustment, the bottom spread (1540/1515) is on the put side.
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
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