Follow me on Twitter!

Follow me on Twitter!

Thursday, July 28, 2016

Gold (GLD) Put Options

Thursday, 7/21/2016 (11:27:41 am, PT)

sell to open -10 July 29, 2016  $123.50 puts at $0.28

Why did I place this trade?
  • stochastics in oversold region
  • 84% probability of success (high)
  • 8 days 'til expiration
  • weekly income


Thursday, 7/28/2016 (10:48:42 am, PT)

buy to close all 10 puts at $0.01

PROFIT:  $270 (in 7 days)

Success!