SepWk4 - GLD instead of SPY
I had wanted to sell a trade on the SPY, given that the markets were pretty conducive for a SPY trade. The charts above showed great promise, but somehow, it didn't really work out for me this week. And so..
I sold a trade on GLD call spread, $130.5/131.5 for a premium of $0.05 and it expired worthless on Friday giving me a real return on investment of 2.95%.
It's not much, but it was more than what I had expected and is expecting these days when it comes to options investing. I am prudent, and my goal and intention is to make back the money that I had lost.
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