The Golden Triangle
- Posted by Robert Sinn
- on July 20th, 2012
Today is my 33rd Birthday:
Given that gold is forming a large descending triangle and $GLD August options are pricing in barely more than a 3% move over the next month an options straddle is an excellent trade idea – Sage Premium users put this trade on heading into my 33rd birthday weekend, enjoy your weekend!
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Robert Sinn is a professional trader and market analyst who focuses on multiple asset classes including equities, futures, options and currencies. He integrates fundamental and technical analysis. More »
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