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 Shares (GLD) June, 2013 $120-$125 call spread at $4.42 or best
Closing Trade
6-20-2013
expiration date: 6-21-2013
Portfolio weighting: 10%
Number of Contracts = 23 contracts.
IT COULDN?T WAIT FOR ONE DAY TO EXPIRATION TO CRASH!
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.
Keep in mind that these are ballpark prices only. Spread pricing can be very volatile on expiration months further out.
Here are the specific trades you need to execute this position:
Sell 23 June, 2013 (GLD) $120 calls at?????????$6.45
Buy to cover Short 23 June, 2013 (GLD) $125 calls at.??.$2.03
Net Proceeds:????????????....??..??......$4.42
Loss: $4.55 - $4.42 = $0.13
(-$0.13 X 100 X 23) = $299 ? 0.30% for the notional $100,000 model portfolio.
