$110 Profit
GLDLong Option

Bought prior to Fed rate announcement, making the assumption that if rates were raised, many people would move money toward Gold as a safe haven. GLD was also at the bottom of the range, & had support around 106 level. Since I only had one position, I sold when GLD broke RSI support. If I had more positions, I would have sold half & held the rest. Gave up 100% return as I would have more than doubled my money holding the position an extra day.
Broker:TradeKing
| Date | Price | |
|---|---|---|
| Entry | 9/11/2015 | 2.0464 |
| Exit | 9/23/2015 | 3.1434 |
- Total Views95
- Position Size1
- Percentage53.61%
- Option TypeCALL
- Strike106.0
- Expiration10/16/2015
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