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Wednesday, March 23, 2016

Gold (GLD) Call Options

3/22/2016 (12:35:32 pm, PT)  FP

sell -10 Apr 1, 2016 (wk 1)  $123 calls at $0.29

credit received:  $290

Why did I place this trade?
  • stochastics in overbought region
  • 85% probability of success


3/23/2016 (11:58:37 pm, PT)

buy back all 10 calls at $0.12

Why did I place this trade?
  • GLD down $2.29
  • take profits!

PROFIT:  $170 (in ONE day)


SUCCESS!