Locked In Gain On SPDR Gold Shares ETF (GLD) Puts
We run two newsletters that focus on recommendations in the options market. Today we locked in gains on SPDR Gold Shres ETF (GLD) Puts that were recommended on August 5th.
The gain was 8.97% over 19 days. The initial recommendation was based on a drop in the price of GLD. When the trade was recommended GLD was trading at $127.78 and it fell to $126.44 when the trade was closed out today. That drop is $1.34 or 1.05%.
So clearly you can see that owning the option enables the trade to make several times what owning the actual ETF did. Feel free to visit our website for an update on all trades at www.goldandenergyoptionstrader.com. If you like what you seem then take a free trial to the work by calling us at 1-888-289-2244.
We documented this trade back on August 13th in our column, "Wall Street Rebel Weekly Newsletter Review For Week Ended August 12th".