Selling a Vertical Put Spread in Gold

I am selling a vertical put spread in gold. Volatility is decent and the long term prospects for gold are excellent. The maximum loss for each spread is $1,420. [$2,500 (1635-1660) – $1,080 (credit received) = $1,420] I would try rolling it for another credit into the next month if the trade goes nowhere for a while. And I will be quick to take it off for a profit.

/GC May 26 +1635P-1660P for $10.80 credit.

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