As 2012 begins, SK OptionTrader subscribers can enjoy banking a profit of 71.58% on our recently closed GLD $155/$150 vertical put spread. For those of you unfamiliar, a vertical put spread is a strategy put in place by buying a put at a lower strike and selling a put at a higher strike, both for the same month. This results in receiving our net credit of $2.15.
After gold prices became heavily oversold in December we saw a buying opportunity and opened this position on the 12th December 2011. We signalled to our subscribers to “...sell GLD Feb 18 '12 $155/$150 vertical put spreads at $2.15 with 10% of our capital allocated to this trade”.
As gold prices recovered the profits on this position grew, so on 27th January 2012 our subscribers received this, “We hereby signal to close our short GLD Feb 18 '12 $155/$150 vertical put spread positions at $0.11”, meaning that we had banked a 71.58% gain in just 46 days.
That means that if you had invested $1000 in this trade, you would have paid for a 6 month subscription more than 3 times over!
Currently the SK OptionTrader model portfolio is up 446.55%, which means a $10000 portfolio invested in accordance with SK OptionTrader signals would now be worth $54,655.11. On average our positions gain 36.68% in 50.48 days, which provides an annualized return of 98.38%. 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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