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« Silver prices in Stage One? | Main | An Exclusive Interview with Keith Neumeyer, CEO of First Majestic Silver Corporation »
Saturday
Feb122011

SK OptionTrader Closes Another Winning Trade

Amidst the correction and consolidation in precious metals, our premium options trading service SK OptionTrader has managed to squeeze out another winning trade, bringing our total to 63 wins from 65 trades.

Our average return per trade including losses is 41.88%, with our model portfolio being up 136.4% since inception, or an annualised return of 75.91% assuming profits are not reinvested.

Whilst the trade involved a modest 8.5% gain on some SLV call options, a win is still and win are we are happy with taking a more modest profit given current market conditions.

Summary of closed trade:

Bought SLV Apr 16 '11 $30 Call @ $1.31 on 9th January 2011
Sold at $1.42 on 8th February 2011
8.5% Profit in 30 days

Recently we also closed three trades on GLD, banking gains of 13%, 17% and 13% despite gold falling during the period that we held the trade.

One of the biggest advantages of options trading is that one can profit from movements up, down or even sideways. We are currently designing strategies for our subscribers that will allow us to profit from gold’s consolidation, so if this interests you then you may wish to consider subscribing for only $99.

Feel free to check out our full trading record or contact us if you have any questions.

Alternatively you can subscribe below, for just $199 per 6 months or $349 for a year.

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