Trade Alert - (GS) EXPIRATION July 21, 2017

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 https://www.madhedgefundtrader.com/ltt-executetradealerts/.

You must be logged into your account to view the video.

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.

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.