Hello Investors,
We are adjusting our GOLD trade overall. We are slightly profitable in the naked puts and slightly unprofitable in the covered call (basically breakeven overall). We think given that this hasn’t moved in our favor by now, we need to adjust the trade more conservatively. We have done so as follows:
Took profits on one (1) of the naked put positions:
Bought to close: GOLD Jan 15th (monthly) 22.00 strike puts for 0.38 debit
Rolled down our covered call strike price:
Bought to close: GOLD Jan 15th (monthly) 26.00 strike calls
Sold to open: GOLD Jan 15th (monthly) 23.00 strike calls
Credit: 0.67
Merry Christmas!