Let’s try to leverage the Comex Gold target by using an analogous support in this vehicle at 88.69. If GLD falls to that number, buy one June 91 call (GLDFM), stop 88.55. I estimate the calls will be trading for around 4.60, but you may be able to improve on the price by monitoring the bid/asked spread as GLD approaches the support. This order is good through Thursday.
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