MomentumOptions.com New Trade (GLD) for 4/22/2020

2:25pm (EST)

I have a new trade I want to get into this afternoon so let’s get on it.

New Trade!

Spider Gold Shares (GLD, $161.41, up $2.81)

Buy to Open GLD May 170 calls (GLD200515C00170000, $1.55, up $0.35)

Action: I like these call options at current levels and you can use a Limit Order up to $1.70 to get the best fills. These are the regular GLD May 170 calls that expire on May 15th, 2020.