Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
11:38 Baplg
Was unable to find the earlier posts about NEM calls. RA commented “depends on what price you were able to buy them”. About 10 days ago. Bought 4 6/21 NEM 37.5s at 1.05. Just got out of 2 at 2.38. Bingo
12:05 Rick
I can’t find the NEM reference either, Bap. I would never have recommended buying three-month calls, not ever, but you got aboard at a decent price just before they began to climb. The trajectory has flattened this week, losing a little ground relative to the stock, but the calls look like they will achieve a minimum 2.55. If they exceed that price, 3.15 would be my target. There are quicker, easier ways to make money. The price corresponds to a 39.33 target in NEM that looks like a 75% shot to be achieved, presumably within the next 3–5 days.
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