TRADE** gold has been getting punished for a crime it did not commit. People are selling their winners to cover margin on their losers.. gold futures trade…just bought the April week 4(April 25th) 3070-3100-3130 call fly for an average of 2.7 or $270. This trade risks a max of $270 to make $2730 if it settles at 3100 on the 25th. Spoiler-we will never make the max on this trade…my intent is to adjust if it begins to move in our favor…low delta play…-Jim-
Published Apr 04, 2025Updated Apr 04, 20252 min read
TRADE** gold has been getting punished for a crime it did not commit. People are selling their winners to cover margin on their losers.. gold futures trade…just bought the April week 4(April 25th) 3070-3100-3130 call fly for an average of 2.7 or $270. This trade risks a max of $270 to make $2730 if it settles at 3100 on the 25th. Spoiler-we will never make the max on this trade…my intent is to adjust if it begins to move in our favor…low delta play…-Jim-