GLD - Grade: C+
Gold spot price broke the trend line and turning bearish on the daily.
Expiration - Feb 15 2019
Strike - 120 puts
Stoploss - If GLD goes above 123 and/or spot GOLD turns bullish as SPY goes bearish.
Target - GLD at 117.65 support
Jan 25 2019
With SPY moving up and GLD following, we’re taking the stop early.