Trade Idea: GLD August 18th 210/June 9th 185 Long Put Diagonal

Actualizado
With GLD at or near all time highs, looking to buy the back month -90 delta put and sell the front expiry +30 delta to synthetically emulate a covered put with -60 delta or so. Will look to take profit at 110% of my cost basis (i.e., a 21.57 credit, resulting in a 1.96/$196 profit).

Metrics:

Max Loss: 19.61 debit
Break Even: 190.39 relative to 189.64 spot (pre-market)
Max Profit: The width of the spread (25.00) minus the debit paid (19.61) or 5.39 ($539)

Will adjust price at open if necessary to get a fill.
Operación activa
Filled right at the open for 19.61. 19.61 cost basis with a 190.39 break even on a 25 wide.
Operación cerrada manualmente
Money, taking, running ... . Closed for a 21.01 credit. 1.40/$140 profit.
Beyond Technical AnalysisGLDlongputdiagonaloptionstrategies

Exención de responsabilidad