Don't understand why GLD dumped the way it did on the tariff decision. Shouldn't it have gone higher due to the US government now having to (hopefully) refund tariffs causing them to raise more money through bonds and ~~taxes~~, further destroying their credit rating and the dollar?
Am I missing something or just regarded?
Was holding otm 3dte GLD calls when this tariff shtf. No stop set, app(fidelity) LITERALLY FUCKING CRASHED on the first red candle as I refreshed the trade screen to panic sell. Holy shit the iv pop saved my ass though and I sold at +3% lol.
Probably should've just held through, but ima step back and let my leaps do the work lmao.