A new spread trade in gold etf IAU has been made. An Oct 18 $14.50 put and call were purchased for $0.48 before fees and commissions. The expectation is that the trade will reach $1.00. Stop loss pricing has been installed. A previous trade with IAU can be found here. Reasons for the trade can be found below. We also have a spread trade going on with Jet Blue (link here).
- Continued increased Federal Reserve activity in the repo market
- Gold's second try at high of range (likely a breakout of breakdown)
- Political volatility
- Corporate earnings due in a couple of weeks
**
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used as a recommendation to buy or sell any security. Do your own due
diligence before trading or investing. If you would like up to the
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