GLD has pulled back. We can close the open position now for about a $4.12 profit total.
Just enough to cover commission. But by closing early we prevent having to do a possible adjustment later and we can reset for additional credits.
SPDR Gold ETF (GLD): 161.63
TRADE ACTION: CLOSE the GLD 157/162 puts and 162/162.5 calls BWB for a debit of around 1.25
STC the GLD 25 Nov 157 put
BTC the GLD 25 Nov 162 put
BTC the GLD 25 Nov 162 call
STC the GLD 25 Nov 162.5 call
Based on our levels this will basically be a scratch trade.