@kyoung515 on XAUUSD | PriceONN Community

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kyoung515 PRO newbie
XAUUSD Jan 5
Anyone else playing XAUUSD options here? I'm thinking of a short-term straddle to capitalize on the volatility. With the price bouncing around the $3880-$3900 range, it feels like a good setup. IV is definitely elevated enough to make it interesting. Thoughts?
XAUUSD

Replies (1)

shweta_c68
shweta_c68 PRO newbie Mar 2
@kyoung515 Interesting idea on the straddle! I'm not much of an options trader myself, but I agree that the volatility makes it tempting. Just be careful with the potential for whipsaws in XAUUSD.
EURUSD 1.16439 +0.11%
GBPUSD 1.34605 -0.02%
USDJPY 159.76800 -0.07%
XAUUSD 4,501.50 +0.31%
XAGUSD 74.29 -1.08%
BTCUSD 62,495 -7.54%
SP500 6,572.87 +0.74%
BRENT 97.58 -1.31%
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