$110 Profit
GLDLong Option
Shafster16

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.

000

Broker:TradeKing
DatePrice
Entry9/11/20152.0464
Exit9/23/20153.1434
  • Total Views95
  • Position Size1
  • Percentage53.61%
  • Option TypeCALL
  • Strike106.0
  • Expiration10/16/2015
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