AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
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I really hesitate to post a specific trade, as do all of you. But, this particular trade, well, you can see and decide for yourself. IT is extremely risky, so you have to be totally willing to loose it all in a day kind of trade, and be ok with that. So go small or don't go at all. This is a roll of the dice. So having posted the strongest disclaimer, and the "this is not advice" statement... If you have no experience with options, then just buy the stock. But here it is. march 20 expiration (red vertical line), pick the call strike you have tolerance for: 18 to have filled the gap, as in the previous triangle (purple circle and horizontal line), one of the red numbers shown. And if we hit one of those targets, you can always sell all, sell half, etc. and get out before march 20 date. Holding the option until the march 20 date calls for brass you know whats and a little foolishness, pigs get fat, hogs get slaughtered. Besides, we probably pull back up there. But IF (and only if) all that happens as shown, the green channel gets established, HS gets canceled. But, we have to rise above and close above the blue trend line resistance first. Going in before that carries even greater risk. I will say one more time, go small, carries high risk, and if we don't break out, the the HS is in play. IMO.
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