Market Summary
July options expire tomorrow and we expect our TLT and GLD put spreads to expire worthless.

TLT Position Update
TLT closed at $128.49 on Thursday – the July expiration put spread is approx. $1,200 in the black

The June 21st Couch Potato published a July expiration month TLT bull put spread
We plan on letting this position expire worthless for an approx. $1,200 gain. However, if prices gap down hard tomorrow then we need to play it safe and buy back the short $122 strike put contracts. (see tables below)

GLD Position Update ---------------------------------------------------------
GLD closed at $153.38 on Thursday – the July expiration bull put spread is approx. $1,000 in the black

The June 27th Couch Potato published a July expiration GLD put spread
We also plan on letting this put spread worthless for an approx. $1,000 gain. However, if prices gap down hard tomorrow then we need to buy back the short $145 strike put contracts. (see tables below)

Exit Plan
As mentioned above, the July expiration option contracts expire tomorrow and we expect the TLT and GLD put contracts to expire worthless.

Gregory Clay

Couch Potato Trader Disclaimer
All results reported in this section are hypothetical. While the numbers represented here may have been achieved or beaten by our readers, we make no representation that any individual investor achieved these exact results. The tracking for the plays listed in this section uses closing prices for the day the newsletter is published and it is not meant to imply that any reader actually received those prices (though many often do) or participated in these recommendations (even though many do). The portfolio represented here is hypothetical and for investment education purposes only. It is only an illustration of what type of gains a knowledgeable trader might receive utilizing these strategies. If you don't get close to these results, guess what. It isn't the fault of the strategies.