Short term
Trade view / 03 June 2016 at 14:06 GMT

#SaxoStrats. UPDATE: SPDR Gold Trust Jun16 116/118 Call Spread

Head of Futures & Listed Options / Saxo Bank
The Gold ETF is now trading above  the June16 116/118 Call Spread we bought on June 1 at $0.77.

We just let the time decay maximise the profit now. Happy to cash in 2 days of Theta during the week end.

We will sell back the Call Spread if GLD trade at/or below 118.

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
03 June
SwimTrader SwimTrader
Patrice, I'm in this trade. Not clear to me what you mean by your statement, "Happy to cash in 2 days of Theta during the week end." (Appreciate the heads-up you gave us on GLD and the great risk:return ratio on this vertical.)
03 June
Patrice Henault Patrice Henault
I am already at max profit at expiry as the market trade above 118 but there is still some time value left. As long as the mkt stays above 118 the premium of the strategy will appreciate until it reaches max profit
03 June
SwimTrader SwimTrader
Clear. Thanks.
05 June
vsquare007 vsquare007
Patrice great trade idea can you advise which other twitter feeds to follow other than #SaxoStrats for trade ideas in CFDs, bonds, ETF options ?


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