By Licia Leslie
September 13, 2024
Hi Shoppers,
As I said, the Van Eck Gold Miners ETF (Ticker: GDX) was looking bullish and you could double your money on those calls.
The calls traded up almost 200%.
Here is the chart now:
The stock has closed well above resistance and is looking to trade to those previous highs and beyond.
That would take it to $39.96 and then $41.
Shopping for options:
The Sep27 39.50 calls will at least double with the stock up at $41.
Just a close below $38.20 as your stop loss.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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