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There’s something satisfying about a strategy that just works — week after week without fail.
That’s exactly what I’ve been experiencing with my gold trading approach — and I’ve been giving this trade away every Friday on Opening Playbook, so don’t forget to tune in at 10 a.m. ET!
We’re sitting at 16 consecutive wins on Friday expirations and while I never want to sound overconfident, the methodology behind this success is what really matters.
This isn’t about getting lucky or making wild directional bets on whether gold rallies or crashes. It’s about using a structured, non-directional income strategy that lets gold move however it wants — as long as it respects one key technical level.
One key reason this approach stays so efficient is the choice to use puts rather than calls. Selling bull put credit spreads keeps the process clean: You collect premium up front and if gold (GLD) finishes that week above your strike, the options simply expire worthless (which is the goal).
No exercise fees, no unexpected charges and no extra steps. It’s one of the simplest and most cost-effective ways to generate consistent income.
The broader market has been choppy and gold has been reacting to those swings just like everything else. Even with that volatility, it continues to respect a key trendline that’s held up consistently. Now, that doesn’t mean it will hold up forever. At some point it will lose because nothing is perfect or guaranteed in trading, but this steady behavior is part of what makes this approach so reliable.
The 50-Day Moving Average: Your Line in the Sand
The foundation of this entire strategy revolves around the SPDR Gold Trust (GLD), specifically its 50-day moving average (MA), which has proven to be remarkably strong support over time.
I’m using bull put credit spreads, targeting strikes about $5 below the current price. When I set up these trades, I’m looking for the 50-day MA as my reference point — currently around $438-439.
Here’s the beauty of this approach: Gold can move higher, a little lower or flat — as long as it stays above that 50-day moving average by expiration, I make money.
Another element that adds to the consistency is the choice of Friday expirations. A month-long expiration cycle provides enough time for the trade to develop while keeping theta decay firmly in your favor. It’s a predictable rhythm that aligns well with weekly flows and makes the risk profile more manageable.
I typically target about one month to expiration using Friday expirations, and I aim for at least 20 cents in premium, which translates to roughly 20-25% return on investment.
The risk-reward setup is straightforward: I’m risking $2,000 to make $500 profit. And here’s the cushion — gold can fall up to 9.9% over the month and I still make my full profit.
That’s a lot of room for the trade to work. Historically, even when gold has dipped, it’s continued to respect the moving average and the broader trend. That line in the sand has held repeatedly, giving this strategy long-term consistency.
Execution Details That Actually Matter
The mechanics matter just as much as the strategy itself, especially with a market like gold where prices react quickly to broader conditions.
Execution is where many traders unknowingly give up profit. Always use limit orders when trading options, especially with GLD where bid-ask spreads tend to be wider. This single adjustment can improve fills and reduce slippage. If an order isn’t filling, cancel and resubmit — sometimes a fresh order hits a different market maker and fills immediately.
Strike selection benefits from the same precision. When the chain lines up cleanly with a level like $439, that’s when positioning gets fine-tuned. Small adjustments like this improve the probability of success without increasing risk.
For pricing, I won’t go below 17 cents in premium. That’s my floor. I want to maintain that 20% or better return threshold, and dipping below that minimum doesn’t make sense from a risk-reward perspective.
Right now, I’m up about $2,500 in my current open positions with multiple trades at different expirations working simultaneously.
The strategy isn’t flashy. It doesn’t require perfectly timing tops or bottoms. It just requires respecting a proven support level, acknowledging broader market behavior and executing with discipline.
That’s how you build a sixteen-zero record — and counting.
If you’ve been skipping Opening Playbook, now you have another reason to tune in at 10 a.m. ET weekdays — the next gold trade will drop this Friday!
Graham Lindman
Graham Lindman Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.Â
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