Bullish Trade on Gold

Gold and Apple have almost the same correlation to the stock market. Apple is at all-time highs. Gold is sitting at $415 doing nothing. Tony Battista thinks gold is about to catch a bid. The trade structure turns that thesis into a bullish put ratio spread with an 87% probability of profit and a break even below a one standard deviation move. Anywhere above that break even, the trade wins. If gold dips slightly into the sweet spot between the two strikes, it wins bigger. And if it keeps doing nothing, Jamal still collects the credit. One of the cleanest asymmetric setups on the show this week.