Power Plays Options Update: Trim GLD Puts
May 1, 2025
By Scott Redler
GLD broke below the critical $300 level this morning, which was part of my bearish thesis on the metal.
So we will take off another 1/3 of the GLD 5/16 $300 Puts to lock in another gain for Power Plays Options.
This leaves us with 1/3 which we will let run for now.
With trade tensions easing a bit, there should be continued downward pressure on gold.
A full-on ceasefire between the US and China would be ideal, but we'll focus on the price action for now.
-Scott
P.S. Meta's (META) strong earnings report last night is pushing up our TTD May 16 $55 calls.
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