Hot Money has made a new move and they are looking for this inflation hedge to soar higher in the coming days.
We have a new buy alert that has triggered…
Our Hot Money Tracker spiked in Barrick Gold Corp (NYSE: GOLD).
Hot Money is betting that prices will soar higher in the coming days.
If Hot Money is correct, we could see these Barrick Gold Corp calls quickly increase into a double or triple-digit gain.
Here's what we're doing...
We're buying to open the GOLD October 18, 2019, $22 calls up to $0.48 per contract.
ACTION TO TAKE:
In your brokerage account, locate the GOLD October 18, 2019, $22 calls:
The symbol is GOLD191018C00022000.
Search for options under the stock ticker: GOLD.
Make sure you choose the right option expiration (expiring on October 18, 2019).
Choose the $22 strike price.
Select "calls" 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 $0.48 per contract.
Click "Day" for TIF (Time In Force).
Then click "buy" to transmit the order.
You can also call your broker and say, "I want to buy GOLD October 18, 2019, $22 calls with a $0.48 limit; for the day."
Joshua M. Belanger