Sell GLD Call Spread For Gain of 17.94%

Last Friday, we bought the August 21 GLD $368 Call for $11.38 and sold the August 21 $376 Call for $7.48 for a cost of $3.90.

The $368 Call is now at $13.72 and the $376 Call is at 9.12 for a value of $4.60 which is a gain $0.70 which is 17.94%.

GLD is trading at $367.80.