TRADING ACTIVE GDX options 1/31 expiry, 27/31 Put Credit Spread. Adding to position with another spread based on chart.
Chart Details Bull flag breakout pattern. Gaussian channel confirms current trend is bullish. Price in consolidation before further upside IMO. Multiple gaps to fill. Market at all time high with any pullback GDX will go higher. Trend dots confirm Daily and Weekly trends both bullish with room to run.
Entry Options Today’s Order – 1/31 Expiry. 29/33 Put Credit Spread. $3.00 credit or more. May go down to $2.90. Risk $110. Reward $290-300. POP around 70% for total strategy. Stop loss at GDX $29.00 Must exit before expiry on 1/31. Hold maybe a week. Exit at 50% profit, gap fills, or your risk tolerance. For those looking to hold stock instead of options, I would consider this a good entry for 3-6 month horizon (~10%+ return in my estimate).
About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.