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. This is your chance to ?look over? John Thomas? shoulder as he gives you unparalleled insight on major world financial trends BEFORE they happen.
Trade Alert - (GLD)- STOP LOSS
SELL the SPDR Gold Trust (GLD) June, 2016 $113-$118 in-the-money vertical bull call spread at $3.72 or best
Closing Trade
5-19-2016
expiration date: June 20, 2016
Portfolio weighting: 10%
Number of Contracts = 23 contracts
If you are uncertain on how to execute an options spread, please watch my training video on ?How to Execute a Bull Call Spread? by clicking here at https://www.madhedgefundtrader.com/ltt-executetradealerts/. You must me logged into your account to view the video.
The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you. The difference between the bid and the offer on these deep in-the-money spread trades can be enormous.
Don?t execute the legs individually or you will end up losing much of your profit. Spread pricing can be very volatile on expiration months farther out.
Here are the specific trades you need to execute this position:
Sell 23 June, 2016 (GLD) $113 calls at????.?.??$6.55
Buy to cover short 23 June, 2016 (GLD) $118 calls a??..$2.83
Net Proceeds:?????????????????.....$3.72
Loss: $4.30 - $3.72 = -$0.58
(23 X 100 X -$0.58) = -$1,334
