.

  • Swing Trade Idea (GLD) – November 10, 2021

    Nov 10, 2021 Swing Options Tips Comments Off on Swing Trade Idea (GLD) – November 10, 2021

    Our bearish trade for Wednesday, October 10th is GLD (SPDR Gold Shares ETF). GLD has experienced a 4.5% gain in the last month.

    GLD has rallied to an area of resistance at $171 which provides a good risk/reward bearish entry. With a neutral score of 5 (out of 10), GLD is a neutral ETF that will likely continue lower. 

    At a close, if GLD were to trade above $172 for multiple days, this would invalidate our analysis and we would focus on cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves below $2.87.

0 comment
Top