This is how I figure the price of the ETF (GLD) in relation to Gold Futures.
Take the current price of Gold minus 7 percent. As I write today:
$1644/10 = 164.40
$164.40 - 7% = $152.89.
So when the Gold Futures chart is turning up or down,this where I go hunting for (GLD) strike prices.
Try and find this formula in a text book. Its only available here, at Marketforum $$$$$$$$
Spread the formula,not the virus!!
Tis morning,at 10:15 am,I bought the APRIL 17 (GLD) 151 puts for $2.66 each. Buy some,still a good deal! $$$$$
Thanks Mike!