Although I’d originally suggested backing up the truck at 22.74, I’ll track 400 shares from 22.80 because I was slow yesterday in retrieving the trade, which had been shelved in the archive. I’ll also record four August 23.63 calls @ 1.85, since I advised their purchase not only in the chat room but in a bulletin before the options fell to their intraday low at 1.75. Let’s offer two of them for 2.25 today, day order, o-c-o (i.e., completion of one order will cancel the other) with a stop-loss on all four at 1.70. (Note, the options must trade for 1.70 before you hit the 1.70 bid.)   As for the stock, if it recedes into the same vortex that is threatening to pull GDX and HUI lower, it would likely mean a final low at 19.66, a Hidden Pivot ‘D’ shown in the chart. Accordingly, I’ll recommend using an impulsive stop-loss on the three-minute chart.  This implies stopping yourself out on any downtrending A-B leg that exceeds two prior lows (one of them internal or better, the other external) without an intervening upward B-C correction.  To see this illustrated graphically, click on the thumbnail inset at right. _______ UPDATE (11:49 a.m. EDT):  We exited the stock on a 22.67 stop for a nominal trading loss of $52, but the option position remains.  This is mainly because they rarely come in for sale. For now, lower the stop-loss on the calls to 1.65.  With physical gold up nearly $20 at one point today, the price action in this vehicle is so abysmal it is dumbfounding. It is one thing for good stocks to be shunned at bottoms, but the level of despair reflected in the mining stocks in particular is beyond rationality.  We’ll look to re-enter yet again at a better price, but not at this moment.