We have taken profits on our call butterfly in GLD. We entered for 3.84 debit and exited today for 8.40 credit. The result is a profit of +4.56 or +$456.00 per spread. That is a +119.0% ROI. Sell to close: GLD April 19th (monthly) 190.00 strike call (ratio of 1)
Buy to close: GLD April 19th (monthly) 210.00 strike call (ratio of 2)
Sell to close: GLD April 19th (monthly) 230.00 strike call (ratio of 1)
Credit: 8.40In addition, we are taking a short-term stock trade in SPY. We have shorted 30 shares with a tight stop-loss.
Sold Short 30 shares of SPY at 509.64
Buy to cover stop loss above at 514.61
Good til canceled (GTC) order on the stop loss!