Trade Alert: Buy GLD call option
Buy to open the SPDR Gold Shares (NYSE: GLD) June 29, 2018 $129 call option. Pay no more than $2.10.
My gold indicator is now bullish enough to warrant buying a call on gold. I like the GLD June 29, 2018 $129 call.
For those following my Three-Pot trading system, this is a Pot-1 trade. But unlike previous Pot-1 trades, I am investing just one-third of Pot-1 into this trade and I am holding the rest in reserve for the time being.
My indicators have been very successful. My Pot-1, which consists of indicator-driven option trades, has a 60-fold cumulative gain since my Three-Pot track record began. However, there’s no guarantee that every trade will win. For this trade, I’d like to keep some dry powder on the side, which will give me flexibility to potentially invest in other opportunities.
For new subscribers, I expect to have a more detailed explanation of the trading system soon.