Stock Symbol: GLD
Option Strategy: bull put spread
Trade entry date: Sep 26
Price at trade entry: $155.27
Price at this post: $159.26
Update: Looks like GLD will easily end the day over $136, allowing us to let the position expire worthless for the full 9.98% return.
Position:
Short -4 GLD OCT11 136 puts
Long 4 GLD OCT11 134 puts
at a credit of $0.18 per contract
Max Risk: $728
Profit Range: $134.82 + by Oct exp
Max Profit: $72 or 9.89% @ $135 + by Oct exp
Realized Profit / Loss: $72 or 9.89%
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