When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
Trade Alert (GS) EXPIRATION AT MAXIMUM PROFIT
Expiration of the Goldman Sachs (GS) July, 2017 $205-$210 in-the-money vertical bull call spread at $5.00
Closing Trade
7-21-2017
expiration date: July 21, 2017
Portfolio weighting: 10%
Number of Contracts = 23 contracts
This was a bet that Goldman Sachs (GS) would close at or above $210 at the July 21 option expiration.
That is exactly what happened.
Even though the shares fell during the life of this trade, we were able to harvest the maximum potential profit.
Taking in a $1,380, or 13.63% profit in 14 trading days is nothing to sneeze at in these summer trading conditions.
I'll be back into Goldman Sachs on the next substantial pull back.
As I never tire of telling followers, market sweet spots with which to initiate new Trade Alerts don't occur every day. Rather, they occur in bunches at occasional market extremes.
I am waiting for one of those extremes.
If you are uncertain on how to execute an options spread, please watch my training video on How to Execute a Vertical Bull Call Spread by clicking here at http://www.madhedgefundtrader.com/ltt-executetradealerts/.
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Please keep in mind that these are ballpark prices only. There is no telling how much the market can move by the time you get this.
Be sure you've signed up for our FREE text alert service. When seconds count, this feature offers a trading advantage.?? In today's market, investors need every advantage they can get.
Here are the specific trades you need to close out this position:
Expiration of 23 July, 2017 (GS) $205 calls at..................................$15.18
Expiration of short 23 July, 2017 (GS) $210 call at...............................$10.18
Net Proceeds:.........................................................$5.00
Profit: $5.00 - $4.40 = $0.60
(23 X 100 X $0.60) = $1,380 or 13.63% profit in 14 trading days.
