The Jun 20th GLD $285P (link) is finally starting to perk up as Gold continues its downward slide. With still a month to go to expiration, this position retains triple digit potential. GLD 2 Hr Red Arrow = Fresh Sell Signal on May 12th Trade Management Both the recommended put positions were stopped out pursuant to 50% hard stops. if any puts were held, "just in case," this is how they look going into May expiration: The chart is constructive, so if still holding Jun puts, they represent a good risk:reward position with a month to go to expiration. If out completely, note that the Jun $285P is up over 50% today. That may be just the beginning of what is possible on this trade: The GLD Jun $285P remains a Buy GLD Daily
