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
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).
I use IAU and AAAU.... heard a great question a while back re: gold... ok... everything goes to hell... you have a bunch of gold in a drawer... Now what? will we actually be able to do anything with it? could we go to the market and buy food with gold? Who knows?
kinda my dilemma too, i kinda like the idea of holding actual gold/silver, but storage seems like a pain. how do you like IAU and SLV so far?
If they are already in a target date mutual fund and you are still with the company, then I'd leave them alone. If you have left the company and need to figure out a plan, then you need to rollover your 401k to an IRA since your company will stop paying administrative fees. You'll want something like 50% Stocks (ie. Broad market ETF like QQQM, VOO, RSP), 25% Gold ETF (IAU, GLD) 20% Bonds, 5% BTC ETF (IBIT). You can probably leave the municipal retirement alone if it's being managed by a group and the fees are covered, otherwise roll into IRA and follow similar as above.
I purchased IAU and SLV in my brokerage account. Holding bullion would be cool, but I don't have a good solution yet for a safe at my house.
Shoulda went with IAU if u only had $730
What are you GLD calls strike and what not? I’m personally debating on getting out of my IAU calls. $90 strike for May 26
Damn you too? I’m down almost 45% now since last week. Debating on just cutting my loses. IAU Call for $90 in May
I sold my MAGS today, converted it into a strangle to derisk, and parked on TLT with some defensive puts. Thankfully they kicked in, so I may wait to see how the market reprices, and DCA in for a new dividend base. I also sold my last IAU call at a small profit when I saw it wouldn't hold up. I expect silver to test for a new bottom tomorrow. Once it stops, I plan to write some 41-strike CSPs expiring Friday to harvest more theta.
IAU buy closest to current price you can afford, 2-3 weeks out
How do we feel about by $90 call options on IAU for May 2026? Average premium was $2.29 with it currently around $1.65. Debating on cutting losses (already down 29%) or letting it ride. Gold is looking a bit rangy if not sloping down now. Don't know how rates cuts will affect it in the meantime
I legit just posted about my call option on IAU that’s in the gutter, then read this 😂
Thoughts on price in late November? Probably will hold either way I have an IAU for 85$ call I see it 50/50 now
I’m debating doing this with IAU
Are my IAU $78.5c 10/31 cooked?
A large portion (40-60%) should be put into an ETF that tracks the S&P 500, like SPY. Put it in there and forget about it except when you add more to it. I’d recommend 10-20% in a gold etf like IAU. Many people will probably disagree with this part, but gold has outperformed the S&P 500 this year and is still projected to rise.
bought some calls for STLA and IAU, expecting small but reliable profits for 7dte, sold out of my GLD option for a 400% increase and reinvested into a slightly more diversified set of options. holding BYND until Mar 2026, then its a sell at any price (probably tax hedging). probably buy some SLV mon/tue. trying not to overinvest in metals as I expect the China trade talks to fall through sometime nextweek - but could be wrong
VOO and chill works if your only risk is market volatility, but not if the risk is political or currency instability. VOO = 100% U.S. large caps, so you’re fully tied to the U.S. economy and the dollar. If you actually want political-risk protection, diversification matters: - VOO (40%): U.S. growth core - VXUS (20%): global exposure outside the U.S. - GLDM / IAU (15%) – gold hedge - BIL / SHV (10%) – cash & liquidity - STIP / TIP (10%) – inflation-protected bonds - SCHD / JEPI (5%) – dividend income buffer That mix keeps upside exposure but cushions geopolitical shocks. Not financial advice, just risk management 101.
VT is definitely a solid one ETF solution, globally diversified, 60% US and 40% international, covers nearly 9,000 stocks, and yields around 2%. But for real political-risk protection, it’s still 100% equity exposure. If the goal is to hedge instability, I’d still mix VT with: GLDM or IAU: inflation & crisis hedge BIL or SHV: cash-like stability STIP or TIP: inflation-protected bonds SCHD or JEPI: dividend income & lower volatility So maybe 60% VT + 40% hedges for a balance between growth and protection. Not financial advice, just fundamentals talking.
My gold calls are cooked aren't they. 10/24 $77, $80 IAU.
Please China, India, run up IAU to at least $87 by friday.
Gonna need IAU to go to $84 by eow
Very stupid, so I did it IAU $95 C 1/16/26 exp
Praying GLD/IAU goes back up EOW, but I'm not hopeful
!banbet IAU green by close regards
But OTM Calls are more 'expensive' when the stock goes against you. If you want a lower entry point, IAU costs only 20% as much as GLD. Same for the miners, GDX. And the junior miners, GDXJ, are 25% of the cost. Or try my favorite for some months now, SILJ, at only 25.54 tonight. But please, always [buy at 80-delta or higher.](https://www.google.com/search?q=what+delta+should+you+buy+LEAPS+Calls+at&rlz=1C1RXQR_enUS1137US1137&oq=what+del&gs_lcrp=EgZjaHJvbWUqCAgAEEUYJxg7MggIABBFGCcYOzIGCAEQRRg5MggIAhBFGCcYOzIHCAMQABiABDIHCAQQABiABDIHCAUQABiABDIHCAYQABiABDIHCAcQABiABDIHCAgQABiABDIHCAkQABiABNIBCDE3ODhqMGo3qAIIsAIB8QVSnayMn4eIhw&sourceid=chrome&ie=UTF-8)
10000 iq move would be to roll ur calls to IAU
I may buy another leap put on SLV, and roll more silver CSPs. I sold my calls on Friday to lock in profits, and am watching to see if it retests the 15-day SMA instead. I am long-term bullish but see a potential for short-term correction. I set a stop-loss on my GLD leap for 5% upside worst-case, but am otherwise good to let it ride up. My IAU call is still up 39% so...not to worried there. I'm thinking to deploy some cash to CSP KO as its earning date is Tuesday. Otherwise, I'm sitting on 2.3k in realized profits, and am considering where to park cash. Franklin Templeton (BEN) is one I'm considering for dividends.
Yeah, IAU is iShares Gold ETF...
GLD, IAU, SLV bout to do another 8% week.
VOO is always the long-term answer, but with so much uncertainty, gold still seems like a good deal, and the US is vulnerable to chaos, tariffs, etc. In times like this: 60% VOO 20% VXUS (VOO outside US) 20% IAU (gold)
I just decided that I like IAU and already owned some, got a call or 2 with $60 and it’s been going insane
COIN for my non-retirement portfolio. IAU for my retirement.
You can trade options with IAU, another gold ETF.
GLD for options, higher OI. IAU for shares, Lower expenses.
Been doing weeklies for IAU for the last 2 weeks along witg SLV and I'm up 1600% this week
IAU and SLV have saved my port. Had $300 left. Up $5.2k as of today. +$2.2k today alone.
IAU calls are still eating IYKYK
I bought IAU at $80.70 and it’s going down 🥲
I bought IAU at $80.70. It started to go down. Wtf
.25 expense ratio on IAU is ridiculous
My current alchemy is: SLV CSPs, put the premiums into IAU. Accumulate 500 IAU, convert to 100 GLD. Repeat.
B - barrick mining PHYS. GLD. IAU.
Close my wednesday SLV csps. Open for Friday. Use the collected premium to buy another share of IAU. Repeat.
IAU, XLP, OUNZ all green portfolio down 0.22%
It’s this idea that feels more popular among Pinterest moms than anyone else that the number birthday that matches the date your birthday falls on is especially “special” - AKA if a 2 year old has a December 3, 2022 birthday, their golden birthday would be this December 3, 2025 - turning 3 on the 3rd. I didn’t think it was that big of a deal but then my son was all sad we didn’t do anything special for his “golden” birthday after his classmates told him about the concept. I’d been meaning to do start a small portfolio for him outside of his 529 plan and thought shares of IAU might be fun. I’ve looked into UTMA but I still want a little extra control about when I hand any windfalls over since my son has ADHD and from my experience with other family members with ADHD is that late adolescence can get be the most challenging time when dealing with personalities that can be more inclined than others incline towards addictions and risky behavior. One always hopes their kid will grow up responsible, but I’m iffy on legally being required to hand him thousands of dollars at 18 if he’s going through a rough phase, experimenting with substances, making other spontaneous or unsafe decisions. I’ve seen the previously best behaved kids in my family fall off a cliff at 18 and stumble for a few years and I think a windfall at 18 is just something I’m not comfortable with - if it was 21 or 25, that would be a different story. If you don’t have that specific risk factor with your kid, I love the idea of setting them up with an UTMA.
Bought my son 8 shares of IAU (and an age appropriate real present, don’t worry) for his golden birthday with the promise that he would receive it when he was 18 (with the caveat that I expect 1/2 of it at least should be used for something reasonable like starting his own IRA, textbooks for college, etc.) I didn’t tell him, but I think I’ll add 1 share every birthday moving forward. This is beyond the 529 account. I thought it would be a fun way for him to learn about the stock market a little bit. I fear I’ve created a monster because now he thinks 25% climbs in just 6 months is normal and he checks the stock with dollar signs in his eyes every time he’s near a computer. Anyway, I just got a note to talk to him from his teacher because he was looking up IAU at school today…
GLD and IAU 3x SPY gains over last 12 months...
IAU is a spot gold etf that owns gold bars. So it tracks the spot price.
>redditors sold everything and never bought back in. Eh. Sold half and bought IAU.
If you had put that money on any gold trust like IAU 30 days ago, you’ve been up 10%.
Gld for obvious reasons, but IAU has cheaper options and is only weekly instead of 3dte, so I play it safer with IAU and when I feel riskier I do GLD, but I do both 2-3dte and weekly calls with GLD. I do weekly for SLV and GDX(J). Might do some small positions for UGL or some kind of 2x when I think there might be a good day, or over the weekend when it usually goes up a few $.
Only those two dropped today for me lmao but my IAU and GLD calls are holding up strong still
Gonna need GLD, IAU, SLV and GDXJ to turn the fuck around by Friday
Start safe, learn, watch, and then make decisions if you want to move things. You’re playing a long game, take the time to watch. Echoing VOO for an easy first purchase, $QQQ for tech, and also agree with others on holding some Bitcoin $IBIT and gold $IAU when things are increasingly become uncertain. Remember, when shit hits the fan, buy gold.
Meanwhile I’m going long on BWX and IAU. Eventually this is gonna burst. Or we’ll all be USD trillionaires.
For the most part not true. Have you ever traded anything with a wide B/A spread (and what's "wide" in your opinion)? What happens? The Market Maker steps in and makes a market at Midpoint. Or close to it. And Midpoint is Midpoint whether the spread is 2-cents wide or 50. And do you even know what the spreads are on these ETFs that trade millions of shares a day? (GLD, IAU, GDX, GDXJ, SLV, SIL, SILJ, XME) And so what if pay a nickel more for a LEAPS Call than I "should" have: do you have any practical knowledge of the leverage these things give you? On GLD it's 5.9 times after adjusting for Delta (the 466DTE 80-delta 340C). Let GLD move up just a penny and already the option has made that nickel back. Apologies for coming down so hard on your flippant remark, but I want others who might read it to know the real story. Tomorrow when the market is open I'll do some trades and post what my fills are and what the spreads are. RemindMe! 1 day
I have mostly OUNZ, which you're supposed to be able to take delivery of (for a fee). I also have GLD, SLV, and IAU that pay dividends.
I’m personally holding IAU (gold etf) outright and then SLV calls dated to expire in March
IAU and other alternatives IBIT for example in a tax sheltered account, 10% of portfolio should be enough. Buy a Rolex.
Let me lay out for you what I do. This'll be long, so grab a Coke or something. Use [Barchart to screen ](https://imgur.com/a/barchart-etf-screening-VbwTWxy)for good-performing ETFs. That's a short video I'd put together on how I do it. I sort them by 3-month performance, but look at 6-month charts. You want 'up' of course, but 'smooth' mainly. Just look at the charts, and don't overthink it. [Momentum persists](https://www.sciencedirect.com/science/article/abs/pii/S0927538X18303998?via%3Dihub#preview-section-references), and this way works as well as any other. Pick 5 for some diversity. Then buy Calls: 80-delta minimum, ALWAYS. A year out is best, but 100-120 days is okay. Divide up your money into 5 chunks and buy that many Calls of each. If you want (I do), sell Calls against them. Not exactly "Covered Calls," but they behave exactly the same. I'm just looking for a little extra "juice," so I sell them at 16-delta, which is the 1SD point, or the Expected Move. And you're 'supposed' to sell those 30-45DTE, but at the very least, lean hard on the 30 days. I do 2 weeks. Buy the short Calls back when they've lost half their value. Sell some more. Many ways to handle the long Calls, but this is what I do: When they appreciate, their Delta goes up. As soon as the strike below them (a higher strike) gets to 80-delta, I sell the current Call and buy that new one: I've rolled UP. That takes profit out of the Call. When you have enough of that profit as cash, buy another Call (then of course sell another 'CC'). You don't *have* to do that, but it puts that profit to work in new positions, rather than leaving it locked up in the old Calls. When time passes and the original Calls get inside 1 year (or 100DTE), then wait till there's enough profit in them to roll them OUT in time, back to 80-delta in whatever timeframe you're working in. Here's a nuance: Only buy LEAPS Calls, those that are a year out or more. Take profit out of them as before. But *now* when you have enough profit, buy a 100-120DTE Call. 100-120DTE isn't as safe as 1 year, but what you're doing now is using *house money* to play those. Your main investment stays in the 80-delta LEAPS Calls, but your "play money" is in the closer-in-time, riskier Calls. Try it with GLD (or IAU) and/or SILJ, or the precious metals ETF XME. You'll be amazed at the returns if current trends hold.
Very fair point. My hedge is actually long-dated ATM calls on IAU (gold etf). If lower rates keeps the bubble going, I think the smart money will continue to flock to gold (up 45% YTD) to hedge against inflation and ride out the madness until it finally pops. IAU is just a hedge for me though - I'm still long a couple high-conviction stocks that I want to hold long-term anyway. I'm selling covered calls on those names to collect income from these insanely high premiums while the market remains irrational.
GLD, GLDM, IAU are all gold ETFs.
No comment on META as an underlying to trade, but it's best to buy Calls quite a bit ITM, 80-delta or more, and as far out as you can afford, but 100DTE minimum. And it's fine to think about what something 'might' do, but what if you bought a Call on something that IS going up? Take a look at gold and silver: IAU, GLD, GDX, SLV, SILH
I don't know IAU well, but all the gold held in PHYS is real and audited. I believe you could get physical delivery if you wanted to. if you're holding in a tax preferred account, I'm sure you're fine either way, even with GLD
In my roth I just have a bunch of IAU shares. Is there a major benefit to swapping to PHYS? I got IAU bc of the lower expense ratio but don't know much about PHYS