SPDR Gold Trust (GLD) Offering Possible 38.12% Return Over the Next 7 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 $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.

Q1 ETF Asset Report: What's Hot, What's Not
Mon, 06 Apr 2020 17:00:05 +0000
These are the ETF areas that hauled in/lost considerable assets in the first quarter of 2020.

ETFs Eke Out Inflow In March Despite Market Collapse
Wed, 01 Apr 2020 04:00:00 +0000
Despite the worst stock market performance since the financial crisis, investors added to their ETF holdings in March.

ETF Asset Flow Roundup of Last Week
Mon, 30 Mar 2020 18:30:06 +0000
These are the ETF areas that hauled in/lost considerable assets last week.

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