Gold (GLD) Put Options

5/29/2014

Sold (to open) 1 July 2014 $118 put for $1.31
(received $131 cash)

Reasons for placing trade:

• GLD was "oversold" according to the stochastics (see chart)
• probability of success:  67%

6/27/2014

bought (to close) GLD put for $0.05 (see chart)

NET PROFIT:  $118.18 (in 1 month)


LESSONS:

• Sell (to open) put options when the underlying is "oversold" (check out my impeccable timing!)
• Choose put options that are out-of-the-money (OTM)
• Once your opening trade has filled, go back into your account right away and submit a "buy to close" GTC order at $0.05
• Sit back and WAIT......

WARNING:  We're not aiming for "home runs" when trading options ...... we just want to "get on base" EVERY TIME!

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Learn to SELL PUT OPTIONS!  It's easy, fun and PROFITABLE!

Learn on your own for FREE at www.youtube.com/user/moneyandlilia or.....
Pay for private, 1-on-1 training (click here for details).