Trade Alert: Close GDX call option

By Stephen Leeb • February 14, 2018

Sell to close the VanEck Vectors Gold Miners ETF (NYSE: GDX) June 15, 2018 $22 at the market price.

We have a nice gain on the GDX call option trade in less than one week. We recommend taking the gain at this time.

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Victor

02/14/18 ‐ 10:38am ET February 14, 2018 at 10:38am ET

Filled @ $2.16. Thanks very much Dr. Leeb

Scott Chan

02/14/18 ‐ 11:09am ET February 14, 2018 at 11:09am ET

Dear Victor,

Glad to see you did well!

John N

02/14/18 ‐ 11:20am ET February 14, 2018 at 11:20am ET

Closed @ $2.15/option. Thank you!

Rick

02/14/18 ‐ 11:25am ET February 14, 2018 at 11:25am ET

I also closed at $2.15 – got in @1.43 – so gain of slightly over 50% in 6 days.

Thanks Stephen and Scott

Paul

02/14/18 ‐ 11:34am ET February 14, 2018 at 11:34am ET

Filled at $2.15. Thank you.

Benny K

02/14/18 ‐ 11:38am ET February 14, 2018 at 11:38am ET

Out at $2.16 for 52% gain. Thanks guys

Rick

02/14/18 ‐ 11:39am ET February 14, 2018 at 11:39am ET

sweet!

Ronner

02/14/18 ‐ 11:42am ET February 14, 2018 at 11:42am ET

Out at $2.17 Thanks Scott and Stephen!

Scott Chan

02/14/18 ‐ 1:08pm ET February 14, 2018 at 1:08pm ET

Dear Ronner and everyone else,

It makes Steve, Jim, and I very happy to see all of you did well on this trade!

All the credit goes to Steve and his indicators. He has worked countless hours on updating and improving them. I am used to getting emails from the man in the wee hours of the morning.

The indicator-based option trades have worked really well and we hope to continue to help all of you make some extra money.

Ray

02/14/18 ‐ 12:36pm ET February 14, 2018 at 12:36pm ET

Thank you for this winning trade recommendation.

If I had known that this trade would last less than 2 months I would have bought one of the front months. This would have dramatically increased my leverage, or decreased my risk.

I apologize if this comes across as impolite, but may I request a ballpark estimate for the holding period of options trades? Thank you again.

Scott Chan

02/14/18 ‐ 1:05pm ET February 14, 2018 at 1:05pm ET

Dear Ray,

The average holding period of the indicator-driven option trades have been about 15 calendar days (so that’s ~11 trading days). The median holding period is 7 calendar days. In other words, half of the indicator-based option trades have been closed in one week or less.

Because these trades depend on how Steve’s indicators move, we really don’t know at the time a trade is first recommended how long the holding period will be. As far as which options to pick, we try to balance risk and reward is to go a few months out and either at or slightly out of the money.

The last two trades worked out great in a very short amount of time, and the indicators’ overall record has been very impressive, but not every trade will work out as well as these did. Therefore, going forward we will likely continue to go with the strategy noted above.

We leave it at your own discretion if you’d like to go for more short-dated options.

Ray

02/14/18 ‐ 2:20pm ET February 14, 2018 at 2:20pm ET

Thank you for the feedback, and your efforts in coming up with quality trade recommendations.

Stanley

02/14/18 ‐ 2:35pm ET February 14, 2018 at 2:35pm ET

GDX closed for 2.19 a 54% profit
Thanks

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