My Trade Details:
- MRNA Feb 17 2023 180 Put near $5
- Stop: Close above $197
- Target 1: $177
- Target 2: $165
NUGT – Your Bullseye Pick of the Week - Bullseye Pick of the Week
My Trade Details:
- NUGT Mar 31 2023 $35 Call near $.80
- Stop: Close below $30
- Target 1: $34
- Target 2: $37
Here was my reasoning:
A trade I see that is setting up nicely right now are gold stocks. So this week, I am looking to bet my money on – NUGT.
A big monkey wrench could be the fact that the Fed might signal they are going to pause interest rate hikes. That could cause the market to briefly pop, and pressure gold, but I think we are going to see a strong bid for any dips in gold stocks, so I want to be there when it happens.