Buy GLD via selling April 95 puts, GLD @109.4. The March put position is nearing delta zero, so I am opening up an April position. This doesn't seem like a great entry, but time decay means there may not be a much better entry point in the time available.
Option traders need to look at both time and price. In general, option buyers need to get both time and price correct to make money.
Long GLD, SPY, TLT
No comments:
Post a Comment