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)
Sell the (GLD) December, 2012 $157-$162 Call Spread at $4.20 or best
Cut position from 30% down to 10%
For new subscribers this is not a new position
Closing Trade
10-9-2012
expiration date: 12-21-2012
Portfolio weighting: 30% down to 10%
($20,000/100/$4.20) = 53 Contracts
Keep in mind that these are ball park prices only. Spread pricing can be very volatile on expiration months farther out. These are the trades you should execute:
Sell 53 December, 2012 (GLD) $157 calls at????????.?$14.70
Buy to cover short 53 December, 2012 (GLD) $162 calls a???.$10.50
Net Proceeds:??????????.??????.??.?.?...$4.20
Profit:
$4.20 - $3.75 = $0.45
(53 X 100 X $0.45) = $2,385, or 2.39% profit for the notional $100,000 portfolio.
