Trade view /
18 August 2016 at 8:06 GMT
Quick update on the Sep 16 1340/1350 call spread
. Gold futures are consolidating in a tight range between $1,335-$1,360/oz. As we enter the final stretch of this strategy, with seven days to go, the rapid time decay is helping the spread.
Ideally we would get out Monday/Tuesday, if not earlier. As a reminder, breakeven is at $1,345/oz at expiration.
Will keep you posted.
— Edited by Michael McKenna
For more on contract options click here
Non-independent investment research disclaimer applies. Read more