Options Hunter Blog

Bullish MACD divergence + Double Bottom means Money

double bottom macd macd divergence option trading strategy options trading strategy May 29, 2019
 

GLD double bottom and upside MACD divergence in place, picked up some May 31 expiration $121 calls at 0.42. MACD says price should be around $121.5. May 23  GLD its up strongly with the market down hard,exited for a solid 120% gain, further out of the money options may have yielded even greater returns.

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