Power Plays Options Update
Trim GLD Puts
April 25, 2025
By Scott Redler
Gold is sinking hard today and we'll take the following action for Power Plays Options:
- Trim 1/3 of the GLD May 16 $300 Puts
These puts are up big overnight, and I still believe GLD can break below the $300 area next week.
But I just want to manage risk in this whippy, news-heavy environment.
-Scott
About Power Plays Options
Thank you for joining Scott's first dedicated options service as one of our charter members.
Since PPO is an all-new service, we may adjust some aspects of the format and content in the coming weeks. But, the focus will remain on providing high quality ideas for you to consider.
Depending upon the name, Scott may not introduce a specific exit plan at the time of idea initiation. This is because options prices can move so far so fast, and Scott prioritizes flexibility.
However, if Power Plays removes an options idea (whether it's up or down), Scott will notify you with an alert.