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« Does Gold’s Correlation with Stocks Mean that it’s No Longer a Safe Haven? | Main | Putting a Gleam in Your IRA »
Friday
Dec022011

More Gains for SK OptionTrader Subscribers

SK OptionTrader has now closed 84 winning trades out of 89, with the latest being a vertical put spread with returns of 35%. A $1000.00 invested in this trade would have generated profits of $350 in just 54 days, almost double the cost of a 6 month subscription. For those of you unfamiliar with this kind of trade, feel free to check out our explanatory article on vertical put spreads here.

On the 26th September we signalled to our subscribers to “...sell GLD Nov 19 '11 $150/$149 vertical put spreads for a net credit of $0.35 with of 10% of our capital allocated to this trade.” This trade involves selling the higher strike put of $150 and buying the lower strike put of $149. This resulted in a net credit of $0.35.

Then on the 19th November “Our short GLD vertical spread position (GLD Nov 19 '11 $150/$149) expired out of the money...” resulting in our subscribers having “...banked a 35% profit on this trade in 54 days”. As the position was allowed to simply expire our subscribers saved the commission fees that would have resulted from manually closing this position with their broker. This trade brought our overall return since inception to 403.55%.



As you can see from the graph above the overall change in gold over the same time period was less than 6%. However through the use of a vertical put spread, SK OptionTrader generated profits of 35%. This shows once again that options can be a profitable vehicle to access the gold market.

Currently the SK OptionTrader model portfolio is up 403.55%, which means a $10000 portfolio invested in accordance with SK OptionTrader signals would now be worth $50,355.39. On average our trades generate gains of 39.37% in 47.07 days, which provides an annualized return of 101.86%. 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 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 therefore auto trading is now available for SK OptionTrader signals.

 

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