The GLD Rule – liquidity is King
Trade Management: I got out for portfolio risk management and tactical technicals. Will look for another opportunity. Trade reinforced the value of the 10, 50 day and 200 MAs and our rule to look for a pop at the 50 day MA otherwise it heads to the 200 day. In this trade we learned about “suspended animation” state that options premiums can remain in as a stock continues to go up in value as far as the direction of the option. Trade Learnings: Don’t ever buy AIU. Go owner to GLD. Trade: Buy to Open COLD JAN 15 2021 $30 Strike Call – Qty 2 @ $7.90 per contract. Overview: Americold is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 183 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in…