Trade Alert 5/3/2024

We are wrapping up our old Trading Mentors and launching the new program. Today we are taking profits in the GLD put butterfly spread trade. This stock has hit a “buy signal” according to our bollinger band system. We think it makes sense to lock-in some gains and move on from the trade for now. Sell to close:  GLD Aug 16th (monthly) 210.00 strike put (ratio of 1) Buy to close: GLD Aug 16th (monthly) 200.00 strike put (ratio of 2) Sell to close:  GLD Aug 16th (monthly) 190.00 strike put (ratio of 1) Credit:  1.92 This locks-in a profit of +0.56 or +$56.00 per spread.