GLD and gold in general have surged higher in recent weeks. But gold is cyclical.
I prefer to express my gold position through options alone, or via an option collar. I provide timely insight on those here.
The "golden collar" involves buying puts and selling covered calls on GLD to set profit and loss boundaries after the recent rally.
This is as good a time as I've seen for investors to learn how to use options responsibly and with confidence, given these unique market conditions.
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