Trading Newsletter for Gold, Silver, Stocks and Mini Indexes
We hold the September 10-August 10 calendar spread four times for an effective CREDIT of 0.90. Let’s try to leg out of it for at least 0.50, first by bidding 0.15, day order, to cover the short August calls. If the order fills, offer the September calls to close for 0.65, good-till-canceled. If we are able to exit the spread for our price, our paper gain on the position would be $560.
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