On October 19, 2018 our Gold ETF options expired out of the money and as a result we lost our premium which was our maximum loss on the trade. We entered the trade on August 6, 2018 and chose October as our expiration month. When we entered the trade, GLD was trading around $114 and today is it around $116. Even though the price of GLD is above its price on August 6th, it is not high enough to be profitable.

Gold trade in light of Turkey’s financial crisis

What’s shiny and was used as money?