Option Trade Of The Month: GLD Calls
Going forward, we will provide a free trade from either Gold & Energy Options Trader or Options Index Trader so you can get a sense of our options services.
Today we entered a new trade and can be found below. When we close out the trade, we will post it here as well as Twitter. So make sure you are following us on Twitter at Bullet86.
New Trade In GLD Calls
We are going to buy calls on SPDR Gold Shares (GLD) and find the January $112 Call makes sense here. The call is worth $2.78 and GLD is at $111.88. The option symbol is:GLD170120C00112000
The break even on this option is $114.78 the third Friday of January which is the 20th. There is no cap on the trade.
More on this trade tonight.
Buy to open at the market the GLD January $112 Call. If you are buying $2,000 in value, then buy 8 calls for a cost of $2224.