On the 22nd November we signalled to our subscribers to “...sell GLD Dec 17 ’11 $165/$160 Vertical Put Spread for a $1.87 net credit with 10% of our capital allocated to this trade”.
Then after just 2 weeks on December 8th we told our subscribers that “we hereby signal to close our short GLD Dec 17 ’11 $165/$160 Vertical Put Spread at $0.74”. This meant that we banked a 22.60% profit in just 14 days! If you had invested $1000 in this trade alone you would have made a profit of $226.00, easily paying for a 6 month subscription in just 2 weeks.
Although we felt that this position would have expired worthless, the maximum profit was capped at around 37%. Therefore as we felt that the risk-reward dynamics were no longer in our favour for this position, we chose to close out with a 22.60% profit after 14 days.
As you can see from the graph above, SK OptionTrader generates a 22.60% profit with the use of options in a 2 week period where gold increased less than 1%. This demonstrates once again that options are worth considering as a vehicle for accessing the gold market. With diverse strategies, such as this vertical put spread, you can increase the profitability of your portfolio immediately.
Currently the SK OptionTrader model portfolio is up 374.43%, which means a $10000 portfolio invested in accordance with SK OptionTrader signals would now be worth $47,443.04. On average our positions gain 36.57% in 48.13 days, which provides an annualized return of 94.38%. If you would like to see a full record of our previous trades, feel free to check out our trading record. With exciting new opportunities like this arising, now is the perfect time to open a subscription with SK OptionTrader and begin increasing the profitability of your options trading portfolio.
For those subscribers who are too busy to trade their own accounts we are now able to offer an autotrading program with our SK OptionTrader service, as we are pleased to announce that we have entered into a partnership with Global AutoTrading and eOption, therefore auto trading is now available for SK OptionTrader signals.
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