Gold
Posts where the underlying is gold or precious metals.
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AllSkewVIXVol SurfaceGammaTime DecayTrade StructuresSelling PremiumHedgingPosition SizingPortfolio ConstructionCryptoGoldSingle StocksMarket StructureTrading Process
Expensive doesn’t mean mispriced
Gold used to trade 15–20 vol. Divide implied vol by 16 and you roughly get the expected daily move. So 16 vol implies about 1% a day.
GoldSelling Premium2 min read
A lesson on time value...
Yesterday a subscriber asked a question that sounds like it’s about execution, but isn’t. He’s been long deep ITM GDX LEAP calls for a long time. When price moved, he tried to roll them up.
Time DecayGold2 min read