Options Playbook 457: How to Play the All-Time Highs in Gold Using GLD Options

On this episode Brian breaks down a GLD Butterfly:

GLD SPDR Gold Trust: $338.75 (up 3.09%),

• GLD Long Open-Wing Butterfly: Debit Mid $3.00
• Leg 1: Buy to Open, 1, 2025-09-19, Strike 345.00, PUT
• Leg 2: Sell to Open, 2, 2025-09-19, Strike 339.00, PUT
• Leg 3: Buy to Open, 1, 2025-09-19, Strike 337.00, PUT
• Max Risk: $300 per 1x2x1 Spread Executed
• Max Reward: $300 per 1x2x1 O-W Butterfly Established