MomentumOptions.com Profit Alert (GLD) for 7/8/2020

1:30pm (EST)

I have a Profit Alert for one of our current trades so let’s go check the tape.

Spider Gold Shares (GLD, $170.47, up $1.43)

GLD July 172 calls (GLD200717C00172000, $1.00, up $0.35)

Entry Price: $0.97 (6/26/2020)

Exit Target: $2.00

Return: 3%

Stop Target: None

Action: Close the trade at current levels. 

While I would like to keep this position open for further upside, these options expire next week. I would rather take a small profit and avoid a loss while consolidating our current positions.

Login to see the update in the Members Area: