June 3, 2019

This Is When It Makes Sense to Adjust a Position

Late last week, we got filled on a debit put spread signal in the gold ETF $GLD.  Monday we have seen a continued flight to quality with heavy buyers in both gold and Treasuries flooding the market.

Click the video below to see how we are going to adjust our position to try and get further leverage should gold return to normal levels.

Follow me on Twitter @CboeSib

about the author:

Scott Bauer

A respected market commentator seen on Bloomberg, Fox Business, CNBC and other major financial networks, Scott Bauer has 30+ years of professional equity and index options experience at the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) and as a Vice-President/trader for Goldman Sachs. Scott graduated with Honors from the University of Illinois Business School and has taught classes both at his alma mater and at the CBOE.

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