When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
Trade Alert - (NEM) – EXPIRATION
EXPIRATION of the Newmont Mining (NEM) October 2024 $45-$47.50 in-the-money vertical Bull Call debit spread at $2.50
Closing Trade – NOT FOR NEW SUBSCRIBERS
10-17-2024
expiration date: October 18, 2024
Portfolio weighting: 10%
Number of Contracts = 50 contracts
I am sending this out now so I don’t overwhelm you with too many Maximum profit trade alerts at the 4:00 PM close of expiration day on Friday, OCTOBER 18 at the same time.
Stock players who bought the (NEM) shares, keep them, which probably have a 100% move in them over the next three years.
With the stock market flip-flopping on a daily basis along with volatility, gold (GLD) is holding up incredibly well. When you throw bad news on a stock, and it refuses to go down, buy it with both hands. Falling rate plays and could be the trade for the rest of 2024.
It is all very gold-positive.
You don’t have to do anything with this expiration.
Your broker will automatically use your long position to cover your short position, canceling out the total holdings.
The entire profit will be credited to your account on Monday morning, October 21, and the margin freed up.
Some firms charge you a modest $10 or $15 fee for performing this service.
The flight of money right now is from small, undercapitalized, and questionable to large, overcapitalized, and rock solid.
As a result, you get to take home $1,250 or 14.94% in 24 trading days. Well done, and on to the next trade.
This was a bet that Newmont Mining (NEM) would not fall below $$47.50 by the October 18 option expiration day tomorrow.
Here is the specific accounting you need to close out this position:
EXPIRATION of 50 (NEM) October 2024 $45.00 calls at….……….………$9.19
EXPIRATION of 50 short (NEM) October 2024 $47.50 calls at………….$6.69
Net Proceeds:……………………..…….………..…...…………..…............................$2.50
Profit: $2.50 - $2.25 = $0.25
(50 X 100 X $0.25) = $1,250 or 14.94% in 24 trading days.
