GLD Position Update
GLD closed at $170.84 on Wednesday â€“ the October call spread is approx $1,000 in the black
The September 20th Couch Potato published an October expiration GLD bear call spread
Unless gold prices gap higher tomorrow we plan on closing out this position for an approx. $1,000 gain as soon as the trade is available (see tables below)
As discussed above, the exit rule for the GLD call spread is triggered. Unless gold prices gap higher tomorrow we plan on closing out this position in the morning.
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.