MomentumOptions.com New Trade (GLD) for 5/22/2017

1:00pm (EST)

I have a New Trade on Gold I want to get us into today as GLD looks poised to make a solid run past $120 in the coming weeks.

 

New Trade

Spider Gold Shares (GLD, $119.89, up $0.49)

Buy to Open GLD June 122 calls (GLD170616C00122000, $0.75, up $0.12)

Action: I like these call options at current levels and you can use a Limit Order up to 90 cents to get the best fills. These are the GLD June 122 call options that expire on June 16th, 2017. I will provide the parameters of the trade in tomorrow’s Pre-Market update.