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