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Trade Bulletin: End of Year WPM/GLD Close-Out

Posted on December 31, 2020

This one’s gonna be as last minute as they come.

As we head to the close of trade, our WPM/GLD straddle pairing, expiring tonight, needs help.

To begin, the long WPM 43 straddle is worth $1.01.

And we say sell it.

Our short GLD 177 straddle is worth $0.90.  Buy it back as close to 177 (or as close to the close of trade as you can).

We’re booking it now at $0.90.

With a debit of $1.03 already in hand, we’re now facing a loss of $0.94 on the trade.

And looking forward to the New Year to gather up a whirlwind of winnings in its place.

Eschatologically yours,

Alan B. Harvard

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