Trade Alert – (GLD) August 15, 2012

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) September, 2012 $148-$151 Call Spread at $2.32 or best

Opening Trade

8-15-2012

expiration date: 9-21-2012

Portfolio weighting: 10%

($5,000/100/$2.42) = 40 Contracts

These are the trades you should execute:

Buy the September, 2012 (GLD) $148 calls at…………$8.27
Sell the September, 2012 (GLD) $151 calls at………….$5.85
Net Costs:……………………………………….…………$2.42

Profit at expiration:
$3.00 – $2.42 = $0.58

(40 X 100 X $0.58) = $2,320, or 2.32% profit for the notional $100,000 portfolio for a one month position.

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