Explore Your Options by Jay Kaeppel
BUTTERFLY CALL SPREAD? IT MAY DEPEND ON YOUR OUTLOOK
I have a specific bullish outlook for gold. However, I am not willing to trade futures contracts, and even the cost of 100 shares of GLD is a bit steep for me. I have looked at buying a bullish out-of-the-money call on GLD but am concerned about time decay. Is there an alternative strategy?
Yes, there are always alternative strategies with options ...