Naked Put Option Selling in Gold – pTheta Entry Analysis ($GLD)

Quick Overview:

As I mentioned in the Weekend Market Commentary, I’m looking for a naked put to sell in Gold ($GLD).  My personal opinion is that Gold looks fairly neutral with a good amount of non-directional volatility.  The Parabolic SAR for the pTheta system was hit last week and price has fallen a bit from that level.  The video below includes a technical analysis discussion of Gold and what expiration series seems to provide the best risk/reward.  Feel free to post any questions you have in the comments below.  The video is provided for educational purposes only and is not a recommendation to take a trade.  Enjoy: