A chap on the III forum highlighted this low risk, but long shot trade on gold.
The price has rocketed in the past few days due to dollar pressure and concerns about US default.
You can buy an October Put on Gold 1360 at 1.3. The binary is on a scale of 0 - 100, and as i have gone long the maximum i can lose is 1.9 * stake, whilst the upside is 98.1.
So if gold falls at any time the binary will lengthen as the chance of it hitting 1360 in October lengthen.
Admittedly it's pretty unlikely to fall to that level and give you the full 100 win but any decent weakness will see the odds come out and you can make a profit.
It's a low risk way of shorting gold.
October 1360 Gold Put, Long at £25.
Risk = £47.50
Max reward = £2452 LOL!
Cheers
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