Gold has dropped considerable lately. While some analysts say it is overvalued, others say there will not be enough gold to satisfy investors scared from all the money printing lately.
Whether gold goes up or down, straddles can be sued to benefit, either direction it goes.
Here are straddles on GLD, Yamana (AUY, our favourite), and Goldcorp (GG)
Computed with StraddlesCalc Tool. Moves indicated are the necessary amount to achieve profitability.
Note: You may receive technical analysis and alerts of these stocks and ETFs by entering the symbols in the Technical Trend Analysis Tool, (powered by INO).
Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss.