A 33% profit isn’t the biggest win ever, but it’s still a great way to start the week.
That’s what we just did with our SLV bull call spread.
Below are the details of the closing trade that I announced earlier in our premium member chat.
You can also read the opening trade details here.
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Closing trade details:
Bull Call Spread Option—iShares Silver Trust (SLV)
Bull call spread option (this means that we wanted the underlying stock to rise).
Stock price when I opened the trade: $24.64.
Stock price when I closed the trade: $24.99.
Premium paid to open trade: $48.
Proceeds collected when closing trade: $64.
Result: 33% gain even when the underlying stock price barely moved!
Congrats on another winner!
Jason Milton
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