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NaughtyPines
Feb 23, 2024 3:32 PM

Opening (IRA): GDX August 16th 22 Monied Covered Call Long

VanEck Gold Miners ETFArca

Description

... for a 21.01 debit.

Comments: There isn't much that is weak in this market ... . Adding a rung to my GDX position out in August at a strike lower than what I currently have on. (See Posts Below).

.99 max on BPE of 21.01; 4.7% ROC at max; 2.4% at 50% max.

Trade closed manually

Taking small profit here rather than hanging out for 50% max, since it's so long-dated. Closed for a 21.39 credit; .38 ($38) profit.
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