Category Archives: Gold

Short Strangle – Gold Futures


SELL -5 STRANGLE /GCG5 1/100 JAN 15 /OGF5 1360/1040 CALL/PUT @4.40 LMT Credit – max profit (including commissions) = $2.162 Days to expiration = 37 Initial margin = $3,441 ROC (max profit) =~ 63% Look to take off trade at approximately … Continue reading

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GLD Calendar


GLD IV is at the lower end of it’s range.  Looking for an increase in IV. BUY +10 CALENDAR GLD 100 JUL 14/JUN 14 124 PUT @.77 LMT

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GDXJ (Market Vectors Junior Gold Miners ETF) Short Strangle


GDXJ Implied Volatility @ upper end of range.  Looking to sell premium. Note: Price down over 16% in the last 2 weeks. SELL -5 STRANGLE GDXJ 100 MAY 14 44/30 CALL/PUT @1.05 LMT  (# of contracts to be tailored to match … Continue reading

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GLD – Approaching Demand Zone on Daily Timeframe (Looking for a bounce)


Click here to view the chart. – GLD approaching a demand zone on a daily chart (support) – Area also confluences with the 200 SMA & the 50% Fib Retracement from the last significant move up (AB). Would look for … Continue reading

Posted in Commodities, ETF, Fibonacci, Gold, Misc. Setups, Support (Demand) - Resistance (Supply) | Leave a comment

GLD – Supply Level & Bearish Divergence


Click here to view chart. – GLD at  a supply level. – Bearish divergence signalling loss of momentum Some potential trades, which have limited loss and a bit of room for one to be wrong in direction … – Look … Continue reading

Posted in Bear Call Spread, Calendar, Commodities, Divergence, ETF, Gold, Misc. Setups, Support (Demand) - Resistance (Supply) | Leave a comment

AUDUSD – Demand Zone (Support)


Click here to view charts. – AUDUSD approaching a demand zone (support) on the daily time frame – .9715 – .9660.  Still around 130 odd pips away. – The zone also confluences with the 78.6% Fib Retracement of the AB … Continue reading

Posted in AUDUSD, Commodities, Fibonacci, Forex, Gold, Misc. Setups, Support (Demand) - Resistance (Supply) | Leave a comment

GLD – Directional Calendar


Click here to view chart, PL graph & greeks. – GLD is coming into a Demand Zone (Support) around the 160-158 level. Expect a bounce of this zone. – Implied volatility (IV) is at the lower end of it’s range. … Continue reading

Posted in Calendar, Commodities, ETF, Fibonacci, Gold, Misc. Setups, Options, Support (Demand) - Resistance (Supply) | Leave a comment

GLD – Bull Put spread


Click here for reference PL graph, price chart. Possible Gartley as well, although might not be very well formed (AB=CD does not confluence with 78.6% FR of initial downward impulse wave). Bullish stance, played via a bull put spread. Short 10 Dec … Continue reading

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GLD – Bull Put Spread


Click here for reference PL graph, price chart. Bullish stance, played via a bull put spread. Short 10 July 11 147 puts Long 10 July 11 146 puts Credit = $310 Max Loss = $690 BE @ 146.68 Would look … Continue reading

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