Trade Alert – (GLD) August 21, 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 breakout, double your long position

Buy the (GLD) September, 2012 $150-$154 Call Spread at $3.45 or best

Opening Trade

8-21-2012

expiration date: 9-21-2012

Portfolio weighting: 10%

($10,000/100/$3.45) = 30 Contracts

These are the trades you should execute:

Buy the September, 2012 (GLD) $150 calls at…………$9.45
Sell the September, 2012 (GLD) $154 calls at………….$6.00
Net Cost:……………………………….……….…………$3.45

Profit at expiration:
$4.00 – $3.45 = $0.65

(30 X 100 X $0.65) = $1,950, or 1.95% profit for the notional $100,000 portfolio for a one month position.

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