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Tuesday, April 12, 2016

Gold ETF (GLD) May Put Options

Wed. 4/6/2016 (10:04:01 am, PT)

sold -2 May 2016  $115 puts at $1.83 (credit)

Why did I place this trade?
  • stochastics in oversold region (check out my impeccable timing HERE)
  • 60.13% probability of success


Tue. 4/12/2016 (10:21:04 am, PT)

bought back both puts at $0.84 (debit)

 Why did I place this trade?
  • stochastics in overbought region (check out my impeccable timing HERE)
  • take profits


PROFIT:  $198 (in 5 trading days)


SUCCESS!