... for a 1.50 credit.
Comments: Gold remains relative weak here, so re-upping with a small bullish assumption, far out-of-the-money short put at pandemic lows. 1.50 ($150) credit on buying power effect of 11.92 ($1192). 12.6% ROC at max; 6.3% at 50% max as a function of buying power effect. 71.2% annualized at max; 35.9% at 50% max.
Will look to take profit at 50% max.
Comments: Gold remains relative weak here, so re-upping with a small bullish assumption, far out-of-the-money short put at pandemic lows. 1.50 ($150) credit on buying power effect of 11.92 ($1192). 12.6% ROC at max; 6.3% at 50% max as a function of buying power effect. 71.2% annualized at max; 35.9% at 50% max.
Will look to take profit at 50% max.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.