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 $155-$158 Call Spread at $2.40 or best
Opening Trade
8-27-2012
expiration date: 9-21-2012
Portfolio weighting: increase from 20% to 30%
($10,000/100/$2.30) = 45 Contracts
Run with the momentum and increase your gold long. The barbarous relic loves QE3, no matter whether it happens here or in Europe.
These are the trades you should execute:
Buy the September, 2012 (GLD) $155 calls at????$7.40
Sell the September, 2012 (GLD) $158 calls at????.$5.00
Net Premium Proceeds:?????????.???...$2.40
Profit at expiration:
$3.00 - $2.40 = $0.60
(45 X 100 X $0.60) = $, or 2.70% profit for the notional $100,000 portfolio for a one month position.
