Closing the Gold Futures Put Spread for a Quick Profit

The price of gold has rebounded during the past two days which provided in a quick profit in the gold futures May put spread.

  • Bought /GCM1 OGM1 05/25/21 Put 1660.00 @ 13.9
    Filled at: Apr 1, 2021 1:35:08 PM EDT
  • Sold /GCM1 OGM1 05/25/21 Put 1655.00 @ 12.9
    Filled at: Apr 1, 2021 1:35:08 PM EDT

I bought the spread back for 1.00 resulting in a $70 profit per spread.

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