SPDR Gold Trust (GLD) Offering Possible 44.93% Return Over the Next 29 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 $123.50 short put and a strike $118.50 long put offers a potential 44.93% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $123.50 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $118.50 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 above 80 which suggests that the stock is in overbought territory.

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

What to expect from the stock market this week
Sat, 24 Jan 2015 13:01:49 GMT

Gold in Euro Terms ETF Capitalizes on ECB’s QE Plan
Fri, 23 Jan 2015 19:09:11 GMT
ETF Trends – Gold exchange traded funds rose on a knee-jerk reaction Thursday, following the European Central Bank’s aggressive bond-purchasing plan, as traders anticipated a rise in inflation. However, investors soon …

Going Up? Looking at the next big move in Gold
Fri, 23 Jan 2015 18:08:00 GMT

Gold and Silver Rally as Central Banks Open Spigot
Fri, 23 Jan 2015 13:55:00 GMT
Barrons.com – Gold and silver have been storming higher in the new year as central banks continue to pump money into the global financial system. The European Central Bank on Thursday introduced a €60 billion monthly bond-buying program, while last week, the Swiss National Bank shocked global currency and stock markets by ending its currency peg versus the euro (likely in anticipation of the ECB's move). Silver, too, is jumping, with the iShares Silver Trust (SLV), up a whopping 17% so far this month. Gold futures are calming a bit on Friday, down 0.2% to $1,298 an ounce. Still, the SPDR Gold Shares exchange-traded fund (GLD) has shot up 10% this year, while the Market Vectors Gold Miners ETF (GDX) is up 22%.

ETF Market Vital Signs, Jan. 22: ECB Seals the Deal
Thu, 22 Jan 2015 23:29:00 GMT
Barrons.com – At long last, the European Central Bank delivered a monthly bond-buying program aimed at stimulating economic growth and fueling higher prices on the Continent. Stocks jumped and the euro tumbled. Daily …

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