We are bearish on gold and believe it will continue to go lower. We want to place a vertical spread to take advantage of the move.

Buy 4 160 April Puts
Sell 4 157 April Puts

This spread is trading for 1.11
GLD is trading at 160.51
Do not pay over 1.15

If you like this trade you have 4 hours to get in.

Fari Hamzei
Founder
Hamzei Analytics, LLC

 

 

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