ACTION:

Buy to open the GLD July 125 calls (GLD160715C00125000, $1.22, up $0.42) for a maximum price of $1.30.

Dear Momentum Options Subscriber,

I have another New Trade for the portfolio that I would like us to get into this afternoon. I have talked about Gold possibly making a run towards $1,300 again, and I’m using bullish GLD calls to play a possible run to higher levels.

 

SPDR Gold Shares ETF (GLD, $120.43, up $1.61)

Buy to open the GLD July 125 calls (GLD160715C00125000, $1.22, up $0.42) for a maximum price of $1.30.

Action: I like these call options at current levels, and you can use Limit Orders up to $1.30 to get the best fills. These are the regular July options that expire on July 15.

I will provide the parameters of this trade and our earlier trade in Energous (WATT), in tomorrow’s Pre-Market Update.

 

 

I hereby disclose that I will be participating in the aforementioned trade(s).

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options