The Fed and the GLD ETF

The FOMC has decided to hold interest rates steady and indicated it will remain low for an extended period. In light of this, much volatility is expected to continue with gold.

Here are straddles on the popular  GLD ETF.

These were calculated using StraddlesCalc, which shows the maximum move required to achieve profitability. For example, if GLD moves 6.80% by April expiration, then the April straddles will make money. Please do your own due diligence.