Patrick Szna recommends buying GLD at $376 per share with a hedge through September 18th expiration: put protection at $370-350 and short call at $415, for a total cost of $1.75 per share or $175 per 100 shares, limiting downside while capping upside at 10%.
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Patrick SznaEvidence Quote
“for this week's trade of the week, I want to own the GLD at around $376, but wrap the position in a short-term risk corridor through the September 18th expiration. The total cost of the outlay is just a $1.75 per share or $175 for every 100 shares of the GLD.”
Created: 8/12/2026, 6:13:28 PM
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