WDIS: Amped to Trade!

A GDXJ Trade to Add Bearish Portfolio Delta

WDIS: Amped to Trade!

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Download the Syllabus!Dr. Jim takes Anthony through setting up a trade to move his portfolio in a bearish direction. Specifically, the guys look at GDXJ, and we see it is negatively correlated to the SPY. The IV Rank is low, so they will look to buy premium in a bullish strategy - to move his portfolio deltas lower and closer to neutral. To do this, the guys put on a Jan/Feb Call Diagonal in GDXJ, and they are able to do so at a cost of less than 75% the width of the spread.

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