We have a new Hot Money buy alert that has triggered.
- Buy-to-open the Barrick Gold Corp. (NYSE: GOLD) May 1, 2020, $25 call (GOLD200501C00025000) up to $1.05 per contract or better, for the day.
Our signal indicates that shares of Barrick Gold Corp. (NYSE: GOLD) could soar higher in the coming hours.
If that does happen, our call would quickly increase into a double or triple-digit gain!
Here's what we're doing...
ACTION TO TAKE:
- In your brokerage account, locate the GOLD May 1, 2020, $25 call:
- The symbol is GOLD200501C00025000.
- Search for options under the stock ticker: GOLD.
- Make sure you choose the right options expiration (expiring on May 1, 2020).
- Choose the $25 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 $1.05 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 to open GOLD May 1, 2020, $25 call with a $1.05 limit or better; for the day."