On the 18th May 2010 we commenced this competition to see who could predict the price of the SPDR Gold Trust (GLD) Call Options for the June 2010 series with a strike price of $120.00 and as the chart above shows the last trade was for $1.68. We have examined the entries and not one of you got it exactly and the range of entries varied from $0.01 to $12.40.
So we have decided to give the prize to the contestant whose entry was the closest, which is as follows:
I think we are having a pullback in gld these call options will be $1.70
Comment by nigel harrison —
Nigel, we will be in touch with you shortly to set up things regarding your prize.
The prize is a free subscription to OPTIONTRADER, from SK Options Trading, which costs $99.00 and is yours for free, well done and we hope that you find it both enjoyable and profitable.
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, $1.68, is the last price paid for the June 2010 series with a strike price of $120.00 and the last bid stands at $1.67 and the last ask stands at $1.72, as of 29th May 2010.
Many thanks indeed and commiserations to all the other contestants who came joint second..... we hope that you enjoyed it. As we can see from the chart below our last 16 trades have all been winners with not one losing trade, so this service is going very well indeed. Now, if you have something better please write as let us know about it, if not, then take a look at what we are doing and ask yourself if you could spend $99.00 better than on OPTIONTRADER. Its very simple to use, you will receive an email on what to buy and then another email when the time comes to sell. The amount of contracts that you buy depends entirely on your budget, you can participate as though you were buying a few penny stocks to get a feel for it.
Have a good one.
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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