RING - One Way To Play A Bounce In The Metals

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Further to recent posts/comments about the US Dollar             , here is one ETF that looks like it is trying to turn. While there is always risk in any trade, I am comfortable with the idea of buying RING here around $8.00 and look to either take full or partial profits at near the 32.8 Fib (indicated on the chart) near $13.00 For those more adventurous, consider $9,00 calls for the fall (RING1516J9-E offered at $.45). If the market goes to the 38.2 some time over the next six months the options will have $4.00 of intrinsic value!. That's almost a 10 bagger and each option will cost you a grand total of $45 each plus commission (how many you buy is really a function of your portfolio size and appropriate risk/position),. Not a bad risk versus potential reward at all imho             .

That's all for now,

a.k.a. The Rational Investor

p.s. for those interested in learning how I read markets, trade and manage my 'one perfect business' of trading or for those wishing to learn how to actually do what I do on their own, The Rational Investor's School for Trader Development Q2'15 program will be starting the first week of May. Feel free to PM me for more details but please keep in mind space is limited and there are only four seats left....

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