I closed $GDX 20240419 36.0 CALL$  ,GDX: collected full premium from this bear call spread after contract expired over 10 days. Premium collection is $24 per contract over $200 maximum risk per contract since the 1st leg is sold call $36 and 2nd leg is buy call $38. gold and gold miners showed signs of topping in the short term after hitting $2431 an ounce before reversing sharply. The demand for gold are still high, and long term I think gold will still move higher. The bear call spread trade was to capitalise short term weakness and managed to collect some profit over this trade.
GDX CALL
04-20 15:51
US20240419 36.0
SidePriceRealized P&L
Buy
Close
0.00+100.00%
Closed
VanEck Gold Miners ETF
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  • Sissi18
    ·04-24
    Reallyly appreciate you wrote in detail how you think about it. I’d like to learn from you if possible :)
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  • Tracccy
    ·04-22

    gold is high enough

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