1) 10:53 AM ET, what does maximum leverage mean?
2) at the break of highest down trend line moments ago...
3) I bought 6 GLD 280 call expiring TOMORROW AT 1.02 each costing $612.00
4) I expect price to trade 3117 AT SOME POINT TOMORROW
5) this may even be PREMARKET US hours which is important to consider
6) bc this means if it's too early, I cannot sell the calls until market is "about to" opne
7) bc unlike futures options, which trade 23 hours, GLD options trade 6.5-8 hours depending on broker
8) so 3117 is aproximately GLD 287.54
9) meaning at perfect outcome, I would sell 6 calls at 287.54-280, or 7.54 a piece
10) return would be 4524 on 612 investment