SPDR Gold Trust (GLD) Offering Possible 51.06% Return Over the Next 27 Calendar Days

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 $174.50 short put and a strike $169.50 long put offers a potential 51.06% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $174.50 by expiration. The full premium credit of $1.69 would be kept by the premium seller. The risk of $3.31 would be incurred if the stock dropped below the $169.50 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 44.86 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for SPDR Gold Trust

Gold Down, But Boosted By Weaker Dollar, Further U.S. Stimulus Bets
Thu, 21 Jan 2021 23:38:05 +0000
By Gina Lee

First Trust Adds Buffered Gold ETF
Thu, 21 Jan 2021 13:00:00 +0000
It also launched a second laddered ETF-of-ETFs that holds other defined outcome funds.

Gold Up Over Weaker Dollar, Yellen Push for More COVID-19 Relief Spending
Tue, 19 Jan 2021 23:29:32 +0000
By Gina Lee

Billionaire John Paulson’s Top 10 Stock Picks
Tue, 19 Jan 2021 01:46:13 +0000
In this article, we presented billionaire John Paulson’s top 10 stock picks. Click to skip ahead and see Billionaire John Paulson’s Top 5 Stock Picks. The investing guru billionaire John Paulson, who converted his hedge fund into a family office in 2020, has benefited from its bullish bets on gold and healthcare stocks in 2020 […]

Lee Munson on trading a market near all-time highs
Wed, 13 Jan 2021 00:51:19 +0000
Lee Munson of Portfolio Wealth Advisors on finding pockets of opportunity in this market.

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