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) November, 2012 $153-$158 Call Spread at $3.90 or best
Opening Trade
9-6-2012
expiration date: 11-16-2012
Portfolio weighting: 25%
($25,000/100/$3.90) = 65 Contracts
Gold still has more to run. Last night, we decisively broke through $1,700, and made it as high as $1,717. So I am going to use this $15 dip to get back in in size and roll forward my expiration from September to November.
These are the trades you should execute to get back in:
Buy 65 November, 2012 (GLD) $153 calls at???$13.25
Sell short 65 November, 2012 (GLD) $158 calls .?.$9.35
Net Cost:??????????.???.??..?...$3.90
Potential Profit: $5.00 - $3.90 = $1.10
(65 X 100 X $1.10) = $7,150, or 7.16% profit for the notional $100,000 portfolio.
How About One More Time?
