As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.
Trade Alert - (GLD)
Buy the (GLD) September, 2012 $153-$157 Call Spread at $3.45 or best
Opening Trade
8-24-2012
expiration date: 9-21-2012
Portfolio weighting: 10%
($10,000/100/$3.45) = 30 Contracts
These are the trades you should execute:
Buy the September, 2012 (GLD) $153 calls at??..??$9.15
Sell the September, 2012 (GLD) $157 calls at????.$5.70
Net Premium:????.?????????.?................??...$3.45
Profit at expiration:
$4.00 - $3.45 = $0.55
(30 X 100 X $0.55) = $1,650, or 1.65% profit for the notional $100,000 portfolio for a one month position.
