Reddit Posts
How to Fight Russia with Gold and Oil
Call options exercised. Now I am exposed like butthole girl. #IAU
YoLoIng with A leverage ETFs!!!!!!!! to buy RENTAL HOUSES!!!$$$$ 38% TQQQ 38% VGLT 12% VGIT 6% IAU 6% VPU. Rebalanc3 every 3 months and keep adding money whenever I can , currently down but will go up when Market goes back up.
Redwire to the Moon, to Mars, and beyond...
Anyone just trying to match SPY with minimum drawdowns?
Old portfolio is PHYS, IAU, GLD, BABA, AMC, TSLA, PLTR, ASTS, SPOT, MNMD, and last but not least, GME. Current portfolio is straight PHYS, IAU, and GLD. And this is after about a month maybe. Wake up, people, the end is nigh.
Bought IAU leaps couple months back for 2023, and got an email from TD sayign they are only worth 50 shares now?
IAU 7/16 Call Options Purchased Prior to Reverse Split
Why would Blackrock reverse split IAU?
$GC (GLD/IAU/GOLD) TA - Breaking a 10 Year Old Pattern - Lot's of Confluence - Weekly Close for Confirmation
SLV/CPER/FCX. Deep dive on the April CPI data. Inflation is here to stay. Things we can do as investors.
Mentions
Big picture, it’s not crazy, but there’s a lot of overlap and a couple of odd weightings. VTI and SPY overlap heavily. You’re basically doubling down on US large caps without really meaning to. If you want total US, VTI already does that. SPY on top doesn’t add much except concentration. NLR at 18% is pretty aggressive. Nothing wrong with having a thematic bet, but almost a fifth of the portfolio in one niche sector is a lot, especially for money you might need for a house or wedding. That’s the piece that makes this feel riskier than it looks on paper. BND makes sense if your timeline is shorter, but if those big purchases are still several years out, you might be dampening growth more than you need to at 27. Same with IAU, it’s fine as a hedge, just don’t expect it to move the needle much at 4%. If it were me, I’d simplify. Pick VTI or SPY, not both. Keep VXUS for diversification. Decide whether NLR is a conviction play or just an idea, and size it accordingly. The cleaner the portfolio, the easier it is to stick with when markets get rough. Overall it’s not reckless, just a bit cluttered and slightly concentrated in places that don’t line up perfectly with your stated goals.
I mean I bought IAU at $59 last year in May, I'm not selling because I've got quite a bit of slack to play with
I gave back about 500 of my 5kish in IAU gains
Im so glad I didn’t buy silver a couple days ago when I had FOMO. I did buy a little more IAU tho but still in the green thank god.
I want to apologize. This was 100% my fault. I finally chased IAU at $104 so this was the only logical outcome.
Bro my long dated IAU calls when from +275% to +159%. Very hard to swallow
I’ve had this IAU call for a month now. It was worth 2000 now it’s worth 1k. I’m trying not to panic sell so hard
Guys you think I made a good move. $IAU 7/17 $95c
What do you use, GLD or IAU, or something else entirely?
I'll give you my story for today: Bought 5 $135 01/21/2028 calls at 9.70 a piece. 9.60 was the mark, with last trade at 9.50. IAU ticker at 104 when I did this. 1 hour later, my calls are decimated. Mark at 7.70, last trade at 7.96, IAU at 96. My calls were battered af haha! I knew this was a pull seeing those candles. Tried to wait a bit was worried it might tank (that 5% in your brain tells you nothing is ever a pull, and even leaps extending 2 years out dont matter haha). Anyway I think, realize I made most of these gains in the last three trading days on IAU, forget I ever owned that $4850, and let the options slide like a toddler would! 2 hrs later, IAU inches back to 100.50. My calls are upto 9.70 at the mark, last trade at 9.50. Try my luck, and sell my calls at 9.70, my purchase price Weird, I thought! Same calls bought at 9.70 when IAU was at 104. Same calls sold at 9.70 when IAU rose again to 100.50. Then I realized, its all a function of implied volatility and mostly demand driven. LEAPS on IAU have very small volumes and open interest, meaning anyone can be the market maker and anyone can get anything mostly at any price provided you keep looking. And when IV goes up, it really makes things interesting. The price movement from 101 last night to 105 this AM took hours, but the drop from 104.5 to 95.5 took bare minutes. IV would have been close to 35 or 40 briefly. Thus, higher option values on the way up from 95 to 100, since it already had priced in the price swings from 101 to 104.5 to 95.5 within. But as 3PM came closer, I checked on the same call again and the mark came down to 8.70 with last trade at 8.30! Felt happy about my thesis, as I had screenshotted my gains already for the week and was watching market dynamics on ETFs, learning mew things haha!
If you like GLD, try IAU
Yep. Same - bought 200 shares of IAU (iShares Gold ETF) at 103.50 overnight, thinking gold is already up, and it can go to 6000 soon. But as of now, an down 3%. Never seen S&P and Gold move in the same direction.
I got trailing stopped out of my IAU position at 100.95 and bought back in at 97.15, thank you for the dippity dippity dip
SLV and IAU - whew, thank god for stop loss orders
SLV, GLD, IAU, NEM, SIL all month.
Is IAU fine if I can’t afford GLD
I bought a ton of IAU back in May 2025 @ $59 a share and now it's up to $103. I just set a rolling stoploss $5 under the highest price, might as well take a fat profit but not hold for a prolonged bleedout, or crash.
I put almost my entire 401k into IAU back in May 2025 Good lord I am one happy camper right now
Had SLV 69 and 95 may calls. IAU 89 may calls. IAU 100 leaps. Sold for the most meager profit. AMA
Ikr! I also got 5k worth of IAU shares the same time I got the call and those are up 30%. I’m letting those run more
Well first you need some kind of rock solid directional conviction, otherwise you're just pissing in the wind For example, during the COVID era you could have looked at all the money printing and thought "well shit the tech stocks are about to get bid the fuck up" Or, right now gold, silver, and the miners have some real robust tailwinds, I've been betting on em the whole way up Once you have that it's really as simple as finding options with the best value you can. YOU NEED TO UNDERSTAND HOW IV WORKS Generally I wouldn't buy calls on gold and silver with IV so high but because they are moving SOOOO fucking much there's actually some pretty decent value available if you're careful. Really with IV's so high the smartest move is to sell puts instead of buy calls, I've been selling IAU puts. Too chicken to sell SLV calls in case that bitch drops hard and I get assigned and become a bag holder. Selling SILJ puts has also been good Yesterday I bought a shit ton of calls on GLD with deltas around 0.3, I find this has been a pretty good target for a favorable risk reward Also, I might just be coping and all that could b BS and I'm just lucky. Honestly I don't know, but hey, it's working
GLD and IAU are behaving like SLV! 😞
In May 2025 I full ported nearly my entire retirement into IAU @ $59 You better believe I'm one happy mofo right now. I have a stoploss set to trail $7 under the highest price. Ride that wave, baby.
Buy IAU calls. Im up 100% after just a week.
God damn it RH, stop glitching your fucking candles that IAU jump got me excited for nothing.
Gold (IAU calls) saved my port. Until after hours, that is. Now I probably broke even. Hope gold spikes again tonight
Central banks were already overweight US Treasuries, they just never had a reason to rotate. Now they do. GLD / IAU are long-term holds, not trades.
did anyone mention the mothership? Pan American Silver (PAAS). on Jan 1st i rolled a 30 call to Jan 2027. i am currently up $1029. on Jan 16 i bought a 65 call so far a profit of $374 i have a gold/silver portfolio with 14 positions. since jan 1st my profit has been over $13,000. i like to buy a long term position and a short term position on the big miners. the shorter positions play earnings. i have 4 Etf, SLV,SILJ,IAU,CPER with SLV leading the pack. but do not be distracted by the metals. Oil is the next move for me. i might buy OXY,APA,SLB. but i might add more miners because of the merger/buyout action for 2026. keep hunting!
!banbet IAU $115 by Feb 14
The issue is none of those ETFs are actual elemental copper the way IAU/GLD or SLV are for their related metals.
I'm too much of a wimp for this sub. I take tiny profit off the calls and buy more physical and SLV shares. I sold some SLV and IAU calls for the most meager of profit. Oof. Any support groups for scared people?
GLD, IAU, SGOL, GLTR, SLV, SLVR, PALL, etc are all physically backed
There are lots of options. GLD, UGL, IAU, BAR Not sure why you're looking to buy specifically Friday and sell Monday, but if that's your strategy then maybe pick up some weeklies on GLD
NRL, COPX, IAU, gdmn, slvp.
SLV and PSLV and PALL and IAU have been very very good to me thank you very much.
This administration and Congress is butt fucking the dollar. You do not want to hold wealth in the actual USD at all. To make money I moved some into IAU and as a hedge against inflation I moved into FXF until the market chooses a direction.
Glad my $90 IAU contract expired on 1/16
To be fair, since the trough on Apr 8 2025: VTI: +40% IAU: +64% GDX: +154%
There are also ETFs tied to the price of currencies the way GLD/IAU are for gold. And those pay dividends (though also charge fees, obviously). I am not in that right now, but I’ve looked into the Invesco ones. In response to OP, the best performers during crisis points like Liberation Day have tended to be Swiss Francs and Japanese Yen.
IAU has more volume than GLD in the premarket. Interesting development.
If you don't want to deal with physical storage, ETFs are usually the cleanest option and the most liquid. For gold, GLD and IAU are the two most common. They're backed by physical gold and track spot price pretty closely. IAU has a slightly lower expense ratio, GLD has higher liquidity - both are widely used. For silver, SLV is the most popular, and SIVR is a lower-fee alternative. If you want some leverage to metals without holding the metal itself, you can also look at miners (GDX for gold miners, SIL for silver miners), but those behave more like stocks and add company risk. Physical is still the "no counterparty risk" option, but for most people ETFs are the easiest and safest way to get exposure without the storage, insurance, or resale hassle
Plenty of ETFs like GLD, IAU, GDX, GDXJ. UGL, NUGT and GDXU are leveraged if you can handle extra volatility. Not designed for long term buy and hold.
I remember when I didn't buy IAU because I didn't want to pay a 0.25% fee on an asset that "doesn't appreciate".
Unless you have domain specific expertise (medical/pharmaceutical science degrees, engineering degrees, CS/AI degrees, etc etc) an index fund would be a safe bet. Index fund can be SPY, VOO, QQQ. They track the best performing companies and are somewhat diversified. Though recent years they have been focused on tech stocks so if there's a draw down in tech/AI sector, these funds will also dump. You could also consider gold (unleveraged, just GLD or IAU shares) but I myself wouldn't recommend silver as gold is being bought by central banks but not silver. Both are precious metals but have different structures. Gold is explicitly a hedge to act against fear and inflation, silver is partially for that and meanwhile has industrial usage, it's complicated and myself isn't qualified to judge it. So I stick with gold. If you do have a degree (or experience), you can try to focus on a particular field of your specialize. Warren Buffett's "Circle of Competence" idea is very important here. Invest in something you understand well, or just buy index fund. It may look like one can throw money into a meme stock and make 3-4x gain, but without a thorough understanding of the stock and it's underlying business, it's hard to tell when to exit(sell), or whether an exit strategy is needed. You need some insights to know where a good performing stock is a quick trade, a short term bull ride, or a decade hold. If you feel like buying a index fund and hold it for years is boring, you could consider allocating a small bit ($500) to trading for fun. If you wonder what is an option contract. No you don't. Don't ask. Just…don't touch it.
seems like a lot of folks buy tickers GLD and SLV there are other ETFs that focus on gold and silver tho. e.g. IAU, SGOL, PHYS, SLVR, SIVR, etc
Oh you want to be holding assets 100%. Personally I've tried to diversify my accounts to offset major downside risks, while raking in gains from precious metals. I'm holding VEU, IAU/GLD, GLTR, mining companies, S&P index funds, SCHD, defense etfs (including foreign ones like KDEF and EUAD), BRKB, SOXX, and large cap growth mutual funds.
But keep in mind that the management fee for IAU is 0.25% and for SLV it's 0.50%
anyone going into IAU?
If you don't have a double digit percentage in gold and other metals, you're not paying attention. My preference is IAU.
IAU was up almost 2% - I just bought some in 24 hours market.
I just bought some IAU (gold fund) in 24 hour market. Are there any SYP/QQQ inverse ETFs that trade in 24 hour markets?
I just bought IAU in 24 hours market, but oddly I noticed the RKLB is up $2 in 24 hour markets now. That is weird.
I was a bear last year, spent tons of time researching and managed a 20% return in 2025. That being said I think it’s so hard to be short in this market and with a dovish fed, that I will join the bulls this year. My only hedges are gold (IAU), managed futures (QMHNX), and alt risk premia (QRPNX) I’m a big AQR guy.
Just incase you didn’t get it the first time. Gold. $IAU
Plain and simple, GOLD. $IAU
If you really want just buy the ETFs like IAU or SLV.
**\*\*\*Seeking advice from the pros\*\*\*** I have been in the market for 10 months now, bought my first stock on my 25th birthday. I would consider myself a conservative investor (maybe). This is my take so far, divide my risks (I know no investment is risk free) \- 60% ETF (VOO, ITA, QQQ, IAU, etc) \- 20% top 4 companies (NVDA, GOOG. AAPL, MSFT) \- 20% volatile stocks with potential (RKLB, SOFI, etc) - if I lose money on those 20% it won't be much as its only 20%, but if it booms, it will be enough to impact my annual portfolio return Personally at the end of it all, I found my portfolio to be tech heavy, with a little bit of aerospace, which is not as diverse as I would like to be. But for the past 10 or so years most people made their money in tech, it is almost leading everything. If others think my strategy is weak, please let me know as I am still new at this **and would looove to learn more and more.** Thank you.
do you have a brokerage link option? if you can move funds into that you can invest in any fund, including GLD or IAU...
I just buy the ETFs - IAU and SLV.
Look, I bought IAU back in April, I don't care what happens, I'm so far ahead at this point that anything other than total global nuclear warfare ain't gonna make me go red.
I have IAU in my brokerage but thinking about buying more so it can be 5% of my total portfolio
All these posts/tweets in the last couple days have tempted me to sell the IAU I bought in my Roth IRA last December.
It does not matter how much you "love" or "trust" your adviser. The relevant question is, how much value do they add? How does the performance and risk profile of your adviser-managed portfolio compare to something simple like: 60% broad stock ETF (VOO, VTI etc) 40% t-bill ETF (SGOV, VBIL etc) --- OR --- 60% broad stock ETF 20% t-bill ETF 20% gold ETF (SGOL, IAU, IAUM etc) PS: I outgrew my adviser five minutes after I read one thin little book twenty years ago: "Fail Safe Investing" by Harry Browne.
You're welcome. Let me/us know if you find anything different with IAU.
You don't need to worry about small Open Interests. I've proven this in real-time to myself and others here on Reddit a few times this year. Here's [one on XBI ](https://www.reddit.com/r/options/comments/1og21ln/comment/nlos2sp/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)that has WAY worse options liquidity than IAU. Just calculate the Midpoint from the displayed Bid and Ask, and you'll get filled very near there. You can even walk it in from the low side and often get filled *better* than Mid, as I did in my example there.
another question. i will be rolling IAU to Jan 2027. i have a profit of 24.55 to roll. it is a $60 call. should i worry about the small open interest or does it not matter because of the time to expiry. i could just roll it to the jan 2027 $60 call and add some change to my profit for the purchase. i am not rolling till after jan 1st. but i am looking at different option plays (no spreads)
in the past i have traded a Silver Etf (SLV). so i have watched Gold and Silver for several years. but when my wife wanted Gold and Silver long positions i told her it was like watching paint dry. i was very sure not much profit would be made. but i knew to go long (1 year expiration) on all calls. i planned to start with the big boys at the top (Barrick and Pan American). and a gold and silver etf (IAU, SLV). this was in febuary. as things progressed and the gold and silver went crazy she pushed for more positions. so i opened up 2 small miner positions (CDE, SVM) For her birthday i bought a position in VALE. today all the positions are deep in ITM or ATM. according to Schwab the portfolio is up 500% . we went from an account balance of $2500 ant the beginning of 2025 to $21,210 as of closing 12/19. i hope this makes sense. call it luck.
I used half my account to start wheeling options and put the other half in IAU. I’m up 30% on IAU. I’m up 3% from selling options.
getting into Feb $87 calls on $IAU
No IAU and went Silver SLV. Almost doubled
i have 5 miners and 3 Etf's in my portfolio. my portfolio is pure gold/silver Call Options. i started at the beginning of 2025 with SLV and Barrick (B). i also hold CDE, PAAS, SVM, VALE and IAU, SILJ. the most profitable option currently is my Barrick 5 contracts i bought in febuary. $35 strike Jan 2027 expiry. the 5 contracts cost basis $85. my profit is at 5123.67% and gold and silver keep rockin.
i agree. i have a problem with my small miners SVM and CDE. the P/E Ratios look inflated due to gold and silver doing a rapid price increase. what if the street analysts expect higher earnings off the gold and silver prices ? can the small miners deliver or fail to meet the expectations. i understand option greeks but i am no financial wizard when it comes to stock valuation. the best thing i did was Go Long on SLV and IAU that track the commodity.
Nothing fancy - I'm holding my gold in IAU, while my silver is split between SIVR and PSLV.
Hi everyone, looking for honest feedback. I run a small business and want a simple, repeatable monthly system for taxes and investing. Here’s what I’m doing: Taxes (~$40k/year): - Every month I set aside tax money - 100% goes into gold (IAU / GLD) - I also keep 1–2 months of taxes in cash as a safety buffer Remaining profit: - 20% stays in cash (living + business expenses) - 80% invested, only into 4 assets: Investment allocation: - 40% S&P 500 (VOO / SPY) - 25% Gold - 20% Bitcoin - 15% Silver Goal is not to beat the market, just something robust, simple, and sustainable long-term. Is holding tax money mainly in gold reasonable? Does this asset mix make sense? Appreciate any advice 🙏
You can buy Gold or Silver ETF calls (IAU GLD SLV) or, better, buy calls for the companies who mine it. Their value has not gone up as much as the mineral, which is typical during gold rushes. They go up later when reporting their earnings, and some have gone 50-100X in value in the previous gold rushes. My plays are SIL SILJ and GDX, OTM leaps
B/A spreads are generally wide, but it typically doesn't matter, because the Market Maker will give you a fill at, or even slightly better than, Midpoint. I made a post on that very thing a few weeks ago on 3 different SPDR ETFs. Oh, and since you mentioned taking profits, here's what I do all the time, and must've done 15 of them today in XBI and XPH: Buy a Call >1y out at 90-delta. As the underlying goes up, that Call goes deeper ITM, *and it's Delta goes up.* Just as soon as there's a strike beneath that one (higher strike price) that's at 90-delta, I roll UP to it. Because my Call was probably at 91 or 92-delta. So it had some profit built up in it, and rolling back to 90 takes that out. It also resets the Call to 90-delta, where I like to keep them. And so this ties back to your B/A spreads question: Those rolls are almost always for 75-85 cents. With strikes just 1 apart, the most a roll like that can bring is $1, but the 2 strikes will have different extrinsic values, accounting for why you never get the full dollar. And not a LEAPS Call, but today I rolled a 130DTE IAU Call up 1 strike. Here are [the B/As in that area](https://imgur.com/a/zIcI1WA) right now. If you work out those Midpoints, you find that you'd be selling the 68C for 12.70 and buying the 69 for 11.35. That would be for a Credit of 1.35. And ToS set the order up as me getting 1.30 Credit at the time. But there was no way that was going through, because it was >$1, and to get paid 1.30 to improve by 1 strike would be free money. But it was based on the wide/wonky B/A spreads between the 2 options;. So I changed the order to a 0.95 Credit, thinking I'd walk it down, but lo and behold, [it filled](https://imgur.com/a/i3vtzG5). So don't worry about wide spreads, you'll generally get filled at Midpoint.
I'm going all in on SLV and IAU for the next 3 months. Wish me luck.
Most of those gold trades you’re seeing are either CME gold futures (GC/MGC) or GLD options; to make money on a drop you short the futures or buy puts/put spreads. Platforms: IBKR and Tastytrade both support gold futures; you’ll need to enable futures permissions and margin. Robinhood doesn’t offer futures. Symbols: GC = 100 oz, $10 per 0.10 tick; MGC (micro) = 10 oz, $1 per tick. Start with MGC to size small. Pick the front month with the most volume, use an OCO bracket (target + stop), and close or roll before first notice day so you don’t mess with delivery. Big movers are CPI, FOMC, NFP, and DXY/real yields; if you’re new, avoid holding through those. If you don’t want futures, trade GLD/IAU: buy a 30–60 DTE put spread for defined risk, or use inverse ETFs like GLL/DGZ for simple short exposure (know they decay). I use TradingView for GC/MGC charts and OptionsStrat to price GLD spreads, and Ask Edgar to scan miner filings and earnings transcripts when I want context on supply/dilution. Short version: it’s futures or GLD options; short the contract or buy puts to play downside.
If you want to invest in gold don’t mess with futures. Especially if you don’t know what you’re doing lol. Stick with GLD or IAU if you want liquidity. PHYS if you want your shares backed by actual gold.
I'm about to liquidate gold / IAU ETF. Gold, and silver, is F'd up. Went up, as should, when market was down. Then, went up even more, when market was even more up. If you don't think that's F'd up, I dunno what to tell you.
Someone recently told me that IAU would be a good portfolio hold to hedge against inflation or recessions. But a small percent of the portfolio. I haven’t yet done research on IAU.
GLD and IAU are the same as GLDM and IAUM but more expensive to hold
I believe so. GLD is an S&P product, I'd be surprised if it doesn't have 20 years of trading history now. IAU is an iShares product, I don't think it's quite as large, but has no less 'integrity'. Both of these are traded on major stock exchanges, never *didn't* follow FINRA and similar regulations. >Do these actually hold gold and are audited? I'd be surprised if they weren't backed by at least 90% gold reserves. Probably statistically and operationally close to 100%.
Why not GLD, or IAU? I recall that both are also optionable, if you want to something like a covered call or cash-secured put on gold.
**Before you pull the trigger, have you thought through the logistics of holding $1.6M in physical metal?** We are talking about roughly 18-20 kg (40+ lbs) of gold. You can't just stick that in a sock drawer. * **Liquidity:** Selling $1.6M of physical bullion isn't instant. Dealers will take a spread (often 3-5% both ways), meaning you lose $50k-$100k just on transaction costs. * **Security:** You will need a private vault (bank boxes aren't insured for that amount). That costs money every month. * **The "All-in" Risk:** If you are wrong, or if the market stays irrational for 4 years, you earn 0% yield while inflation eats your purchasing power. If you must hedge, why not buy GLD/IAU (ETFs) or limit the physical allocation to 10-15%? Going 100% into a non-yielding asset is financial suicide, regardless of who is President.
I mean if it’s a long term holding it won’t get taxed the same as a short term flip. I believe a year plus constitutes long-term capital gains tax. I can’t speak for you but if I was in your shoes I’d do one of two things: 1) Hodl like you have been. Set and forget if you don’t need the cash in a bank account or free capital. 2) Go into pure tangible stocks/etf’s if you’re scared for a general market recession. Look into precious metals like SLV and IAU/GLD. Also, I personally wouldn’t even make the stop losses if you’re genuinely nervous and wanna gtfo. Taxes are a part of the game brother-man… My plan for tax season is to take the gains of an old long term holding to account for most if not all + some of my capital gains tax. I do short term flips and just accept I live in a nation with taxes so brutal, the men of the Revolution would be burning ships left & right. Decide for yourself if peace of mind is better than paying taxes rn, or if you could hold through a storm to simply not do that part yet. Risk reward my friend!
I've got 10 contracts for $80 IAU 11/28 so I'm hoping it at leasts hits $82 by then
IAU, I'm gonna need you to be $85-90 by 11/28, thanks twin.
Well, today sucked. I saw that the fedwatch odds of a ratecut had dipped hard, and bought a protective collar for my TLT shares as well as a few additional puts. That's my biggest bag now, but I am accumulating without concern so far. I had a trailing stop for my IAU shares which saved me a little pain. And I'm glad I sold my SLV calls yesterday because goddamn that was one helluva dump. I tried setting up a calendar spread at 47.50, but got spooked as well. So I just contented myself with rolling down some CSPs to 46.5 and seeing what happens tomorrow. If I get assigned, so be it.
SLV seens to be hovering around 48.5/49. I plan to monitor for a profit-taking, then re-enter with some calls dated for december instead of november. Likewise, I'll sell some CSPs expiring Friday. Any premiums I collect are going into accumulating shares of SLV and IAU. I have TLT that I am selling CCs against, and that's my biggest "bag" for now.
I only have two positions, 600 shares of IAU from back in April and then 30x contracts of NVDA sold puts at the 12/19 expiration with $170 strike Market go up, number go up, believe it or not calls. We don't go short, ever.
You wanna go with physically backed ETFs. Basically, on the fund’s website, look for a daily bar list (serial numbers) and a named custodian or vault. If those aren’t there, skip it. Example: GLD (biggest) : https://www.spdrgoldshares.com/usa/gold-bar-list/ IAU (lower fee) : https://www.ishares.com/us/products/239561/ishares-gold-trust-fund Both are probably the best picks for a gold ETF. Lowest fees would be IAUM. For silver, go with SLV (biggest), or SIVR (lower fee).