(Close) Macro Theme USA : Trade Idea 1: August 1, 2016, Buy Long Date Calls on Gold

I recommend buying 1600 strike 2 year calls on GLD, with a cost of 45, with GLD at 124. I recommend closing this position with GLD at 122, given the Trump victory, which meant that there was not a possibility of another QE any time soon--the original thesis of the trade. The cover cover was 40. So, a net loss of -11%.