Trade Alert: Buy GLD call option

By Stephen Leeb • February 27, 2018

Buy to open the SPDR Gold Shares (NYSE: GLD) June 29, 2018 $129 call option. Pay no more than $2.10.

My gold indicator is now bullish enough to warrant buying a call on gold. I like the GLD June 29, 2018 $129 call.

For those following my Three-Pot trading system, this is a Pot-1 trade. But unlike previous Pot-1 trades, I am investing just one-third of Pot-1 into this trade and I am holding the rest in reserve for the time being.

My indicators have been very successful. My Pot-1, which consists of indicator-driven option trades, has a 60-fold cumulative gain since my Three-Pot track record began. However, there’s no guarantee that every trade will win. For this trade, I’d like to keep some dry powder on the side, which will give me flexibility to potentially invest in other opportunities.

For new subscribers, I expect to have a more detailed explanation of the trading system soon.

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Scott Chan

02/27/18 ‐ 12:52pm ET February 27, 2018 at 12:52pm ET

Here is a link to Steve’s original Three Pot article:

https://www.investingdaily.com/systematic-wealth/forum/41115/steve-leebs-3-pot-system-for-maximizing-gains-2

Stephen Leeb

03/02/18 ‐ 7:11pm ET March 2, 2018 at 7:11pm ET

Hi Scott, thanks for posting the link. To all, the last couple of trades have been pretty good, which is no guarantee whatsoever that the gold trade will work out. While I expect and hope it will, I just want to make sure that everyone realizes that there will be some trades that are not successful, and that the key is to not get carried away and add more money to the amount you originally allocated to your aggressive trading. The idea, rather, is to watch your money grow through the compounding of gains. If you look at the record you will see a number of relatively small losses. When you compound gains and losses, you have to be careful not to let any loss get too large. Remember a loss of 50 percent requires a double to get even. So,even though for record keeping I have set aside 2/3rds of “pot 1,” I still want you to be able to compound the portion I am playing with. So don’t get angry or frustrated when I take a small loss (or gain). In the long run this will be the most rewarding strategy. Steve

Stanley

03/04/18 ‐ 11:12am ET March 4, 2018 at 11:12am ET

Stephen,
Thank you for that comment.
I would rather pull out of a trade with a small loss and move on to next trade.
At times it can take numerous successful trades to make up for a complete loss.
I am waiting for your next move.
Thanks
Stan

Victor

02/27/18 ‐ 1:21pm ET February 27, 2018 at 1:21pm ET

Filled @ $1.96 ND on Tasty

Jeffrey J

02/27/18 ‐ 1:21pm ET February 27, 2018 at 1:21pm ET

Filled @ $1.98 at TradeStation.

Kenneth Boscha

02/27/18 ‐ 1:24pm ET February 27, 2018 at 1:24pm ET

Filled at $1.97 through Schwab

Akano

02/27/18 ‐ 1:26pm ET February 27, 2018 at 1:26pm ET

Bought GLD June 29 $129 call option for $ 1.97
Bought and sold SPY
Thanks Dr.Leeb

Steve

02/27/18 ‐ 1:27pm ET February 27, 2018 at 1:27pm ET

Filled for $1.97 on TDA.

Freddie

02/27/18 ‐ 1:30pm ET February 27, 2018 at 1:30pm ET

Filled @2.01

Frank S.

02/27/18 ‐ 1:36pm ET February 27, 2018 at 1:36pm ET

Filled at $1.79 on eTrade.

Stephen Leeb

03/02/18 ‐ 6:45pm ET March 2, 2018 at 6:45pm ET

Hi Frank, I want to know your secret. Steve

Derek: Las Vegas, NV

02/27/18 ‐ 1:37pm ET February 27, 2018 at 1:37pm ET

Filled at $2.03 debit.

Derek

Benny K

02/27/18 ‐ 1:43pm ET February 27, 2018 at 1:43pm ET

In at $1.97 at Schwab.

Larry Johnson

02/27/18 ‐ 1:43pm ET February 27, 2018 at 1:43pm ET

In at $2.02.

Paul

02/27/18 ‐ 1:54pm ET February 27, 2018 at 1:54pm ET

Filled at $2.03 Db

Stanley

02/27/18 ‐ 2:06pm ET February 27, 2018 at 2:06pm ET

GLD filled for 2.01 debit @ Fidelity

Rick

02/27/18 ‐ 3:00pm ET February 27, 2018 at 3:00pm ET

I was filled at $2.04 on Fidelity

Pat C.

02/28/18 ‐ 9:39am ET February 28, 2018 at 9:39am ET

In at $2.10.?.

Roger Rittenhouse

03/06/18 ‐ 11:54am ET March 6, 2018 at 11:54am ET

Closed GLD June 29 $129 call for a 30+% gain!
Thanks, Stephen

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