GDX: collect 0.85% premium on this cash secured put with strike at $50.
Contract expires in 3 weeks on 1st Aug.
Gold rose slightly for the day before giving back most gain by closing and end at $52.45.
Managed to sell this put at high price during early of trading session and when it retreated, the trade is in paper loss now. Anyway happy to get assigned at $50 if that's how it turned out.
Continue to hold short positions on GDX as proxy for gold trade but then will be selling puts at lower levels $50 strike or below to nett them off.
trading GDX within the narrow range of $50 to $55 for the coming weeks until it breaks out of either direction.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.44 1Lot(s) | -- Closed |
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