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/GC Oct26 Strangle #1 (193) – GAC

Homepage › Forums › Income Navigator › Gabe’s Trades › /GC Oct26 Strangle #1 (193) – GAC

This topic contains 1 reply, has 1 voice, and was last updated by  Gary C 3 years, 9 months ago.

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  • July 27, 2022 at 12:17 pm #18869

    Gary C
    Keymaster

    With /GC at 1735 I am opening a 91DTE strangle with strikes at 1520 and 2040 collecting $11.60 in premium. IV is a little depressed as gold is moving up but I closed a previous strangle today and need to have another working. I will look to put on another in this series in a few days and hopefully IV will have ticked up a bit then. I am placing a GTC closing order for $5.80 as well. BP is $2,150.

    SOLD -1 STRANGLE /GCZ22:XCEC 1/100 NOV 22 /OGX22:XCEC 2040/1520 CALL/PUT @11.60
    BUY +1 STRANGLE /GCZ22:XCEC 1/100 NOV 22 /OGX22:XCEC 2040/1520 CALL/PUT @5.80 LMT GTC [TO CLOSE/TO CLOSE]

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    • This topic was modified 3 years, 9 months ago by  Gary C.
    August 15, 2022 at 2:05 pm #18916

    Gary C
    Keymaster

    This order closed overnight at $5.80 at 19 DIT for $580 profit on $2,150 BP. I will look to put on another this afternoon.

    • This reply was modified 3 years, 9 months ago by  Gary C.
    • This reply was modified 3 years, 9 months ago by  Gary C.
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