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Tuesday, August 9, 2016

Gold (GLD) Calls

Wed. 8/3/2016 (12:48:22 pm, PT)  FP

sold -10 Sept 2016  $135 calls at $1.04

Why did I place this trade?
  • stochastics in overbought region (SEE CHART)
  • 77% probability of success
  • 44 days 'til expiration (DTE)

Tue. 8/9/2016 (9:50:50 am, PT)

bought back calls at $0.47

PROFIT:  $570 (in 6 days!)

SUCCESS!