BACapitalManagement

Buying GDX calls in May.

Long
AMEX:GDX   VanEck Gold Miners ETF
If price returns to March's high, then I'll begin looking to purchase call options as close to 29.50 or 30.00 strikes as possible. These calls with have an expiration of June 1.
Comment:
Price never returned to March's high during May.

Therefore, I am no longer interested in this trade.
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