This is my journey to financial freedom as an options trader selling weekly options. My trades are based on my assumptions as a novice trader, so follow at your own risk.
FAQ: 1) You can use the search function to check the chart for the SPY according to the Month & Week. eg. DecWk3, JanWk1, etc.
Saturday, 11 May 2013
MayWk2 - GLD Market Summary
MayWk2 - GLD Market Summary - The SPY market was fairly flat with a lack of interesting premiums. However, not so far the GLD market. I entered the market at 1.30am (Singapore Time) and managed to place a trade for GLD Put Spread $137/138 for a premium of $0.08. The trade expiry worthless and I made a profitable 5.95% return on investment.
As you can see from the ichimoku indicator above that there is no way there is any money to be made, but the beauty of it is, there is actually money to be made. You just need an eye for it. I wish you success as well in your own personal journey to financial freedom. Stay safe.
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