SPDR Gold Trust's most recent trend suggests a bullish bias. One trading opportunity on SPDR Gold Trust is a Bull Put Spread using a strike $154.00 short put and a strike $149.00 long put offers a potential 38.12% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $154.00 by expiration. The full premium credit of $1.38 would be kept by the premium seller. The risk of $3.62 would be incurred if the stock dropped below the $149.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for SPDR Gold Trust is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for SPDR Gold Trust is bullish.
The RSI indicator is at 72.81 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for SPDR Gold Trust
Precious Metals Uptrend Could Be in Early Stages
Tue, 07 Apr 2020 15:06:51 +0000
Nearby support levels and diverging moving averages suggest that the precious metals segment is in the early stages of a major uptrend.
Mike Khouw Sees Unusual Options Activity In GLD
Tue, 07 Apr 2020 13:28:09 +0000
On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in SPDR Gold Trust (NYSE: GLD) on Monday. He said calls outpaced puts by about 2 to 1 and he saw some activity early on in the April $160 calls.Traders bought 2,000 contracts of the April $160 calls for $2.00 in the first half of the session. The trade breaks even at $162 or 3.26% above the closing price on Monday. By the end of the day, the most active options in the name were the May $160, which traded for $4.50.Extreme market volatility has pulled the rug out from under a lot of traders. Attend the virtual Benzinga Options Boot Camp to learn to trade options in a volatile market and start going after solid trades with absolute confidence. Register for FREE at benzingabootcamp.com before space fills up!See more from Benzinga * Guy Adami Sees Gold Moving Higher(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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