$GDX 20250725 49.0 PUT$ GDX: collect 1.15% premium on this cash secured put with strike at $49.Contract expires in 4 weeks on 25th July. Had accumulated short positions that need to be nett off. Selling these puts with intention to both collect some premium and also to cover back the shorts at price point lower than my holding cost for slight capital gain. Gold seems to be trending lower on lower volatility in the market, bullish stock market and sentiments at greed levels so accumulate with intention for a rebound. Another opportunistic play on Gold trades using gold miners as proxies. 
GDX PUT
06-30 23:12
US20250725 49.0
SidePrice | FilledRealized P&L
Sell
Open
0.58
1Lot(s)
--
Closed
VanEck Gold Miners ETF
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  • Smart hedge strategy! 📉 Using miners to play a potential gold rebound makes sense.
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  • DeltaDrift
    ·07-02
    4 weeks 1.15%, considering the volatility fair trade
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  • WayneEvans
    ·07-02
    Smart move
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