Power Plays Options Update: GLD Puts
April 30, 2025
By Scott Redler
I wanted to chime in with a quick update on our GLD 5/16 $300 Puts.
This morning, GLD looked set to collapse below $300 and give us the final exit on our position. (we took off 1/3 on April 24)
But gold bounced on the weak GDP number.
So gold may do some consolidation over the next few days.
However, I still believe it is headed much lower into the May 16 expiration on our puts.
Ideally, the Trump administration will announce some finalized trade deals, because aside from the technical picture, that's the real catalyst we want.
-Scott
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