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Friday, June 19, 2015

Gold (GLD) ETF June Put Options

4/24/2015 (11:35:13 am, PT)  low stoch

Ratio spread

buy  +1  June 2015  $110 put at $1.55
sell  -2  June 2015  $109 puts at $1.27   <---- 30="" br="" itm="" nbsp="" probability="">



6/15/2015 (6:59:36 am)

buy to close  +1 June $109 put at $0.04 to remove the risk


6/19/2015 (expiration)

GLD closed above $115, so debit put spread expired "worthless"

NET GAIN:  $90.37

Success!




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