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Tuesday, March 29, 2016

Gold (GLD) April Put Options

Thu. 3/24/2016 (12:20:55 pm, PT) FP

sell -10 Apr 2016  $112 puts at $0.41

Why did I place this trade?
  • stochastics in oversold region
  • 83% probability of success


Tue. 3/29/2016 (11:46:40 am, PT)

buy back all 10 puts at $0.17

Why did I place this trade?
  • GLD up over $2.00
  • TAKE PROFITS

GROSS PROFIT:  $240 (in 4 trading days)


SUCCESS!