Tuesday, July 20, 2010

July 2010 Trade Results - 15.6% Profit!

Another successful month generating positive cash flow! Our July GDX Put options expired out-of-the-money last Friday when GDX closed well above our $46 strike price at $48.54. Yes!

As the seller (or writer) of the option we get to keep the 60 cents per share premium ($60 per option contract) for a 1.3% monthly profit that's a 15.6% annualized return. With the contract expiring we are back in all cash ready to repeat the process and generate more income!

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