• support@madhedgefundtrader.com
  • Member Login
Mad Hedge Fund Trader
  • Home
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Us
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

Trade Alert - (GLD) March 8, 2016

Trade Alert

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.

Alert

?

Trade Alert - (GLD)- TAKE PROFITS

SELL the SPDR Gold Trust (GLD) March, 2016 $107-$112 in-the-money vertical bull call spread at $4.97 or best

Closing Trade ? NOT FOR NEW SUBSCRIBERS

3-8-2016

expiration date: March 18, 2016

Portfolio weighting: 10%

Number of Contracts = 23 contracts

Gold has had a pretty spectacular run here, leaping $220 in a straight line from $1,020.

As a result, our position in the SPDR Gold Trust (GLD) March, 2016 $107-$112 in-the-money vertical bull call spread is nearly at its maximum potential profit point.

Thanks to your faith in the barbarous relic, you have earned a 15.4% trading profit in just 12 trading days.

WELL DONE!

This is the second time in 2016 we have booked a profit in gold.

There is no point is hanging on for nine more trading days just to catch the last three cents in this spread.

Gold turned out to be the perfect asset to own in a negative interest rate (NIRP) world. Place money on deposit with a bank, and in two thirds of the world they will charge you money for the privilege.

Not so with gold.

Since I think that (NIRP) will be with us for the rest of the year, so will the bull market in gold. Therefore, I plan to jump back in on the first $50 pull back in the yellow metal.

To see how to enter this trade in your online platform, please look at the order ticket below, which I pulled off of optionshouse.

If you are uncertain on how to execute an options spread, please watch my training video on ?How to Execute a Bull Call Spread? by clicking here at https://www.madhedgefundtrader.com/ltt-executetradealerts/. You must me logged into your account to view the video.

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. Spread pricing can be very volatile on expiration months farther out.

Here are the specific trades you need to execute this position:

Sell 23 March, 2016 (GLD) $107 calls at????.?.??$14.00

Buy to cover short 23 March, 2016 (GLD) $112 calls at...$9.03
Net Cost:???????????????????.....$4.97

Profit: $4.97 - $4.30 = $0.67

(23 X 100 X $0.67) = $1,541 or 15.4% profit for the notional $100,000 portfolio.

GLD

GLD 3-8-16

John Thomas -GoldTime to Take Some Chips off the Table

?

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share by Mail
https://www.madhedgefundtrader.com/wp-content/uploads/2016/02/Alert-e1457452190575.jpg 135 150 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2016-03-08 10:42:522016-03-08 10:42:52Trade Alert - (GLD) March 8, 2016

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Mad Hedge Fund Trader (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

Copyright © 2025. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Link to: March 8, 2016 - MDT Pro Tips A.M. Link to: March 8, 2016 - MDT Pro Tips A.M. March 8, 2016 - MDT Pro Tips A.M. Link to: SOLD OUT - Thursday, April 21, 2016 Boston, MA Global Strategy Luncheon Link to: SOLD OUT - Thursday, April 21, 2016 Boston, MA Global Strategy Luncheon SOLD OUT - Thursday, April 21, 2016 Boston, MA Global Strategy Luncheon
Scroll to top