Every weekday morning a watchlist is published at OptionMillionaires.com with a brief overview of the day as well as a few trades we're looking to get into. Today, those trades are $GLD and $DUST.
The reason? Here's an excerpt of today's watchlist:
The CPI this morning came in at .1%, vs .2% and it’s continuing to show the lack of inflation. I believe this data plus the FOMC minutes this afternoon may become the next catalyst for gold to start heading under $1250, and get ready to test last spring’s lows.
I’ll also be looking to enter a few bearish bets on gold once again, as I think it’ll break under $1250 this week, whereupon selling will then accelerate:
Stock Ticker | Call/Put | Strike | Expiration | Closing Price | Entry Price |
GLD | PUT | $120.00 | Weekly | 0.21 | 0.25 |
DUST | CALL | $39.00 | Weekly | 0.40 | 0.40 |
The rest of today's watchlist can be found here: https://www.optionmillionaires.com/november-20th-2013-watch-list/
The two possible trades on today's watchlist -- $GLD puts and $DUST calls -- performed incredibly well:
$GLD $120 puts closed up 370 percent.
$DUST $39 calls closed up 504 percent.
The daily watchlist is available to Silver, Gold, Diamond, and Diamond-plus levels at optionmillionaires.com.