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Friday, June 27, 2014

Gold (GLD) Put Options


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%


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

NET PROFIT:  $118.18 (in 1 month)


  • 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!


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

Learn on your own for FREE at or.....
Pay for private, 1-on-1 training (click here for details).