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-
Finance Unfiltered
Bobby Iaccino, Jim Iuorio, and Mike Arnold combined over 90 years of active trading experience In stocks, commodities and options. Real trades described by real traders. Look us up on your own, and ask questions..
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Joined on 11th March 2025
BloombergTV says “S&P pushed to breaking point as Trump tariffs and trade war grip the market". Inflation and Fed rate hikes-2022, S&P down 27%. COVID-19: The Market dropped almost 36%. Through today? S&P just entered correction territory at -11.54%. Where exactly is the "breaking point," Bloomberg?
Don't watch this trash.
-Bobby-
FYI. It does not look like ten year yields will trigger my entry point…at least not today. -Jim-