<description>&lt;p&gt;On this episode Brian breaks down a GLD Butterfly:&lt;/p&gt; &lt;p&gt;&lt;strong&gt;GLD SPDR Gold Trust: $338.75 (up 3.09%),&lt;/strong&gt;&lt;/p&gt; &lt;ul&gt; &lt;li&gt;GLD Long Open-Wing Butterfly: Debit Mid $3.00&lt;/li&gt; &lt;li&gt;Leg 1: Buy to Open, 1, 2025-09-19, Strike 345.00, PUT&lt;/li&gt; &lt;li&gt;Leg 2: Sell to Open, 2, 2025-09-19, Strike 339.00, PUT&lt;/li&gt; &lt;li&gt;Leg 3: Buy to Open, 1, 2025-09-19, Strike 337.00, PUT&lt;/li&gt; &lt;li&gt;&lt;strong&gt;Max Risk: $300 per 1x2x1 Spread Executed&lt;/strong&gt;&lt;/li&gt; &lt;li&gt;&lt;strong&gt;Max Reward: $300 per 1x2x1 O-W Butterfly Established&lt;/strong&gt;&lt;/li&gt; &lt;/ul&gt;</description>

Options Playbook Radio

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Options Playbook Radio 457: How to Play the All-Time Highs in Gold Using GLD Options

SEP 16, 20257 MIN
Options Playbook Radio

Options Playbook Radio 457: How to Play the All-Time Highs in Gold Using GLD Options

SEP 16, 20257 MIN

Description

On this episode Brian breaks down a GLD Butterfly:

GLD SPDR Gold Trust: $338.75 (up 3.09%),

  • GLD Long Open-Wing Butterfly: Debit Mid $3.00
  • Leg 1: Buy to Open, 1, 2025-09-19, Strike 345.00, PUT
  • Leg 2: Sell to Open, 2, 2025-09-19, Strike 339.00, PUT
  • Leg 3: Buy to Open, 1, 2025-09-19, Strike 337.00, PUT
  • Max Risk: $300 per 1x2x1 Spread Executed
  • Max Reward: $300 per 1x2x1 O-W Butterfly Established