A happy Thanksgiving to all the readers.
Gold continues to run, SPY continues to be strong, dollar is weak.
Adam Warner mentions that GLD option premiums are high (link). GLD options usually have the opposite skew of SPY options. GLD out of the money calls tend to have a higher implied volatility than the otm puts. SPY skews the other way.
With VIX going lower and lower, I am tempted to take a shot at the short side with a January SPY bear put spread. For now it is just an idea.
As for GLD, it continues to power higher. Though sentiment and technicals make it a high risk trade for both bulls and bears. However, the trend remains unmistakeably bullish.
No trading positions
No comments:
Post a Comment