Stocks are having a monster day!
The S&P 500 and Russel 2000 have pushed into new all-time highs.
There’s seems to be a lot of euphoria in today’s market, but on the trading floor, we’d say this is a "buy the rumor, sell the news" event.
So, we’re not going to chase stocks here, but we do have an interesting trigger in a gold play.
Here's what we're doing...
- Buy-To-Open the Sandstorm Gold Ltd. (NYSE: SAND) Jan. 15, 2021, $10 call (SAND210115C00010000) up to $0.20 per contract or better, for the day.
This new bullish signal triggered after a new $1.2 million Hot Money bet, which is a 520% surge in call options purchased.
If shares of Sandstorm Gold Ltd. (NYSE: SAND) soar higher in the coming days, our call would quickly increase into a double or triple-digit gain!
ACTION TO TAKE:
- In your brokerage account, locate the SAND Jan. 15, 2021, $10 call:
- The symbol is SAND210115C00010000.
- Make sure you choose the right options expiration (expiring on Jan. 15, 2021).
- Choose the $10 strike price.
- Select "call" options.
- Select how many contracts to buy.
- Once you have the right contract, click "buy to open."
- Choose "limit order." (This sets the max price you'll pay per contract).
- Use a limit of $0.20 per contract.
- Click "Day" for TIF (Time on Force).
- Then click "buy" to transmit the order.
You can also call your broker and say, "I want to Buy-To-Open SAND Jan. 15, 2021, $10 call with a $0.20 limit or better; for the day."
Now, I’m looking forward to closing out profits from this quickly.
And I’ll be keeping you updated every step of the way.