GLD
GLD · Sep 21, 2026
$398.38
Shares
Buy on a dip
Index fund, no fair value. It is 5% or more below its high: that is the dip we buy.
How we value it ›Prices as of 11:48 PM ET, Sep 21. Check the live quote before you send an order.
The put
Sell
Sell the Oct 30 $396 put. You get $925 now. In return you must buy 100 shares at $396 if GLD falls there by Oct 30.
If it goes against you: you buy 100 shares at $396, which after the $925 you keep works out to $386.75 a share. Below $386.75 you are down on the trade. From that day the shares take above is the one that applies.
The order
You get$925 (limit about $9.25)
If it fallsBuy 100 shares at $396
Cash to hold$39,600
Close earlyBuy back at about $1.85 ($185)
Chance you buy the sharesabout 41 in 100
ContractGLD Oct 30 $396 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why sell
The put: Oct 30, $396 strike, 39 days out. Pays $925. Roughly a 41-in-100 chance you end up buying the shares.
On paper: 22% a year. That number assumes GLD keeps moving like it did the past two years. Take that away and it is +2% a year. That is why we say sell.
If you already own 100 shares
Income call
For income on GLD you already hold: sell the Oct 30 $435 call and take $224 now. If GLD climbs to $435 by Oct 30, your 100 shares are sold at $435, so only do it if you're happy selling there.
If it climbs past $435 your 100 shares are sold at $435 and you keep the $224. That is the trade working, not a loss.
The call order
ActionSell to open
ContractGLD Oct 30 $435 call
You get$224 (limit about $2.24)
If it climbsYour 100 shares sell at $435
Chance your shares are soldabout 15 in 100
After removing the trend-6% a year
First take on GLD. Result Oct 30. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
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