GLD Trade

HFT_Stocks_Options_Alerts@hamzeianalytics.com; on behalf of; Pablo Navarro [Pablo@HamzeiAnalytics.com]
Thu 7/11/2013 10:08 AM



July 11, 2013

Gold ETF (GLD)

Bias: Bearish
Price Target: $118


Given the recent price action in precious metals we believe this is a good opportunity to initiate a short position. We would like to do this by buying some puts. Our thesis behind this trade is that inflation is not at a noticeable level. Precious metals are simply bouncing off of a short term oversold condition and Bernanke’s comments yesterday. With that said, the fact is that most likely QE tapering will start this year. In addition, Japan's inflationary numbers last night were lower than expected which could put further pressure on gold.


BUY To OPEN 2 Aug-17 GLD 124 puts trading at $3.50


GLD is now trading at $123.70
These puts are trading at $3.50
The Total debit for this trade is$7.00

Do not pay over $3.60 per put

Day order only








All the best;


Pablo Navarro
HFT Options Strategist
Hamzei Analytics, LLC





Tel: (310) 306-1200
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Twitter: @pnavarro88
Email: Pablo@HamzeiAnalytics.com
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