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Wednesday, March 23, 2016

Gold (GLD) Call Options

3/22/2016 (11:37:16 am, PT)

sell -10 Apr 1, 2016 (wk 1)  $121.50 calls at $0.51

Credit received:  $510

Why did I place this trade?
  • stochastics in overbought region
  • 75% probability of success


3/23/2016 (12:45:14 pm, PT)

buy back all 10 calls at $0.17

Why did I place this trade?
  • GLD down $2.61
  • take PROFITS!

PROFIT:  $340 (in ONE day!)


SUCCESS!