GLD Call Spread: +100% ROI in 7 Days

On January 16, 2026, the price action of GLD presented an intriguing opportunity for disciplined traders. As the market opened, Maya identified a favorable technical setup that indicated a potential upward movement. This was not merely a hasty decision; it was a meticulously calculated entry based on a blend of key indicators that suggested a bullish outlook.

RSI (Relative Strength Index)

The RSI measures the speed and magnitude of price movements on a scale of 0-100. Readings below 30 indicate oversold conditions, while readings above 70 suggest overbought territory.

At entry, GLD's RSI was at 63.3, placing it in neutral territory. This reading signaled that while the asset was not oversold, it had sufficient momentum to support upward price movement, aligning with Maya's trade thesis for a bullish call spread.

Bollinger Bands

Bollinger Bands measure volatility by plotting bands above and below a moving average.

At entry, GLD was trading at the Middle Band. This positioning indicated that the price had not reached an extreme, allowing for potential upward movement towards the upper band, reinforcing the rationale behind Maya's entry.

MACD (Moving Average Convergence Divergence)

The MACD shows momentum direction through crossovers of its signal lines.

GLD exhibited Bearish Momentum at entry, as indicated by a histogram reading of -0.1287. Despite this bearish momentum, the overall technical alignment suggested that the recent price action could reverse, particularly when considering the performance of the EMA stack.

EMA Stack Condition

The EMA stack is an important indicator of trend direction, with a bullish stack indicating a strong upward trend. At the time of entry, the EMA stack was rising: 8 > 21 > 34, confirming a bullish trend alignment. This alignment provided a strong signal for Maya to proceed with the trade, as it indicated a consistent upward momentum that supported her bullish outlook.

Maya strategically entered a $420/$421 call spread, acquiring the spread at a price of $0.97. This position allowed her to benefit from the anticipated upward movement while limiting risk exposure.

The subsequent week proved to be favorable for Maya’s trade. Over just seven days, GLD's price surged from $420.20 to $456.11. This significant rise allowed Maya to realize her profit target, prompting her to exit the position and lock in a +100.0% ROI.

The exit was triggered as the profit target was met, a systematic rule embedded in Maya's trading strategy that focuses on capitalizing on favorable moves while adhering to strict risk management protocols. With a P&L of $50, Maya demonstrated how a disciplined, data-driven approach can yield substantial returns in a compressed timeframe.

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