Disclaimer
DISCLAIMER:
Mike Kudrna and the information on his blog are for educational purposes only. You should speak to your own financial advisor before making any decisions based on Mr. Kudrna’s opinions. Mr. Kudrna is not responsible for any actions you take upon reading his perspective and opinion. Keep in mind that positions that Mr. Kudrna has can change at any time without written notice.
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Michael Kudrna
STO March 178 calls 10 contracts for 2.35 (+2350) STO March 164 Put for 2.40 5 contracts (+1200) The net cost of this trade is $800. I will go equal weight on the puts if the price of GLD falls more. If the position starts moving in my direction I may close down the put position or add some one at a time at a higher strike to fully finance the trade