The above table is a snap shot of the prices paid for the various call options that are currently available on the SPDR Gold Trust (GLD) for the June 2010 series. The number outlined in the box, $2.99, is the last price paid for the June 2010 series with a strike price of $120.00 and the last bid stands at $2.99 and the last ask stands at $3.05, as of 18 May 2010.
Now, we invite you to estimate/guess/predict what the last price for these call options will be at the close of business on Friday, 28th May 2010, so thats the challenge.
The prize is a free subscription to OPTIONTRADER, from SK Options Trading, which costs $99.00. The reader who can get it right will be the winner, however, our decision will be final. The closing date will be this Sunday, 23rd May 2010. Please enter your answer in the comments box under this article, emails to us will not be accepted as an entry. We will close this competition as stated on Sunday so you only have a few days to make your decision and place it in the comments box. If there is more than one winner we will go with the first entry. Will the price go up from here or will it go down from here, thats for you to decide, but its your chance to win this extraordinary valuable prize.
Right then, back on your toes you've got some thinking to do!
Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.
The latest trade from our options team was slightly more sophisticated in that we shorted a PUT as follows:
On Friday 7th May our premium options trading service OPTIONTRADER opened a speculative short term trade on GLD Puts, signalling to short sell the $105 May-10 Puts series at $0.09.
On Tuesday the 11th May we bought back the puts for just $0.05, making a 44.44% profit in just 4 days.
Recently our premium options trading service OPTIONTRADER has been putting in a great performance, the last 16 trades with an average gain of 42.73% per trade, in an average of just under 38 days per trade. Click here to sign up or find out more.
Silver-prices.net have been rather fortunate to close both the $15.00 and the $16.00 options trade on Silver Wheaton Corporation, with both returning a little over 100% profit.
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