It’s time to book another winner!
Earlier today, I said in our member chat to keep an eye on TLT. The price was falling, and our trade was almost in the money. I recommended closing our trade once that happened.
Shortly after my post, TLT fell even more, which let us book a solid 45% profit after just 5 days!
The closing details are below, and you can read the opening notes here.
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Bear put spread option (this means that we wanted the underlying ETF to fall).
ETF price when I opened the trade: $93.93.
ETF price when I closed the trade: $94.23.
Premium paid to open trade: $22.
Proceeds collected when closing trade: $32.
Result: 45% gain in 5 days!
Congrats on another winner!
Jason Milton
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