GDX: collect $70 (1.4%) from this cash secured put with strike at $50 and expiring in 4.5 weeks on 29th Aug.
GDX price is lower on Wed and took the opportunity to sell new put. Still the price continue to drop so the trade is currently in paper loss.
Still haven't hit the strike of $50 so I'll be safe for now.
Trade to for short cover so won't mind being exercise to nett off my short positions.
Gold is trading at around $3300/oz so it's still continue to be trading in a range and looks bearish lately.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.70 1Lot(s) | -- Closed |
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- Kristina_·2025-08-014.5 weeks is quite long, seems risky[Sweats][OMG]LikeReport