By Dan Darrow

October 02, 2022

Intraday Update: GLD

We recently tightened the stop on the GLD Oct21 $150- $147 put spread roll down to 156.50 after a bounce on the ETF. That level was critical to the bear thesis due to the 20day sma sitting in the area. GLD is strong this morning and making a push above 156.50, so the remainder of the trade needs to be closed. If GLD drops below 152, we may revisit a quick bearish strategy.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication