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Friday, July 29, 2016

Gold (GLD) Put Options

Thu. 7/21/2016 (8:57:37 am, PT)  FP

sold -5 Aug 2016  $124 puts at $1.11

Why did I place this trade?
  • stochastics in oversold region
  • 79% probability of success

Fri. 7/29/2016 (9:08:53 am, PT)

buy back all puts at $0.31

NET PROFIT:  $384.74 (in 1 week)

Success!