All hail Trump!
Though I am, of course, disappointed in the outcome of the election and though I did not see it coming at all, as a good trader I was still prepared for the possibility of a Trump Presidency with our Trump Hedge Alert, that I sent to our Members last Tuesday afternoon, which was:
So we need something that will pop on a Trump victory that we don't mind owning if he doesn't win. ABX springs to mind.
In the STP, let's add the following Trump Trade:
That's net $14,400 on the $30,000 spread and, of course, it's rollable so we may be able to squeeze another $10,000 out of it if gold goes up but not too fast. Downside is owning 2,000 ABX at net $22.20 ($15 strike plus the cost of the spread/2,000 shares) but that would be the LTP's problem by then!
Figure the worst case is ABX is back