SPDR Gold Trust (GLD) Offering Possible 27.55% Return Over the Next 38 Calendar Days

SPDR Gold Trust's most recent trend suggests a bullish bias. One trading opportunity on SPDR Gold Trust is a Bull Put Spread using a strike $116.00 short put and a strike $111.00 long put offers a potential 27.55% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $116.00 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $111.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for SPDR Gold Trust is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for SPDR Gold Trust is bullish.

The RSI indicator is at 68.25 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for SPDR Gold Trust

Speculation of Greek exit leads investors to gold
Wed, 14 Jan 2015 22:01:05 GMT

Key Indicators to track gold in 2015
Wed, 14 Jan 2015 20:00:36 GMT

“Disaster scenario” comes into focus as stocks, commodities slump
Wed, 14 Jan 2015 15:11:07 GMT

Suddenly, gold bugs have reason to smile
Tue, 13 Jan 2015 20:53:55 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/apGRdfvP4W3Hah8vszPiZA–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@42077579-f70a-36d9-82c5-1b09c0417a6e_FULL.jpg

A Positive Fundamental View on Gold Miners ETFs
Tue, 13 Jan 2015 18:00:28 GMT
ETF Trends – The Market Vectors Gold Miners ETF (NYSEArca: GDX) entered Tuesday with a 2015 gain of 16.9%. That underscores the strength of gold miners in the new year because with that gain, GDX is merely the third-best …

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