Stop Overthinking, and Just Follow the Money
For those new to options trading, it can feel like a daunting process trying to find the best trades. The good news is that even after the market’s recent turbulence, you can still find lucrative opportunities – and gold puts on $GDXJ are a prime example.
That’s why we’re delighted to share our story of how gold puts recently generated astonishing returns of 124%, as well as an exclusive offer to subscribers only: access to Masters in Trading’s Correlation Tool, a free tool that finds related stocks that are likely to move in the same direction, and up to 70% off your first month’s membership. Continue reading for all the details!
Are you looking for high-probability trade ideas in the options market?
Gold prices have been on a roller coaster ride in recent weeks and it looks like there may be an opportunity for traders to take advantage of this volatility. We believe that now is the perfect time to explore put options on gold miners such as GDX and GDXJ, providing ample profit potential with limited risk. In today's Digest, we will discuss our analysis of gold prices and their implications for investors seeking short-term profits from buying puts. We’ll also review the technical factors indicating a strong sell signal in these markets while highlighting areas where smart money is making big bets on declining gold miner stocks. Read on to learn more about how you can benefit from these opportunities right now!
TRADE IDEA: BUY PUTS IN $GDXJ
Make some quick and easy profits from the gold mining sector
Take advantage of Gold volatility, which is low right now
With long options, movement is essential for profitability. Critically, our analysis revealed a bearish signal with the High Value Target tool and 25K put spreads – plus an additional catalyst in play on 01/31; namely the approval of Pan American Silver Corp's $4.8 billion takeover of Yamana Gold which was approved by shareholders at the meeting hosted that day. Note to traders: GDXJ had its largest single holding (almost 8%) in Yamana Gold Canada so it will be important to watch how this affects GDXJ going forward!
Get in on the action with 25,000 put spreads traded in GDXJ
Trade Idea shared in Discord Community 01/24 to take advantage of 01/31 trade catalyst.
Trade Management From the Community
I have 3 of the $38 strike puts 17 FEB 23 – I am hoping to sell one of them for full cost – up 124% on $GDXJ – Lee S
Bradley E – purchased downside puts, and is now selling the $36 strike puts to work into a free trade.
What Happens to a Stock After a Dividend Cut?
When a company cuts its dividend, it indicates that things aren't going well. Find out what happens to the stock after this type of announcement and why you should avoid companies that have previously cut their dividends. At the end of this video, I share my best trade idea in the $REIT sector.
Masters in Trading Digest - Issue 161
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Thanks for reading,
Jonathan Rose
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