We are jumping on a signal to buy on black with gold producer IAMGOLD Corp. (NYSE: IAG) call options.
This trade plays for a breakout in the gold price, IAG and the broad market of gold stocks. It fits with our longer-term thesis for a gold bull market.
It’s clear that investors are betting the Federal Reserve and the government will continue extraordinary measures to support the economy. That’s putting a floor under the stock market, but it’s sending gold stocks rallying.
Recent concerns about a slower pace of reopening brought new promises of accommodation from policymakers. Easy money, including low or negative interest rates, makes gold an appealing investment.
The gold market looks poised to rocket higher.
Our Apex Movement Patterns tell us we can capture a triple-digit gain if this stock breaks out and reaches our target before these options expire in August.
So, let’s jump on our system’s signal to buy IAG calls on black today!
IAG Meets Our 2 Rules
Rule No. 1: The Apex Profit Trigger
Click here to learn more about this proprietary indicator.
On IAG’s chart, the red bars in our momentum indicator turned black, which is our signal.
We’ll buy on black with August call options.
Rule No. 2: Triple-Digit Potential
Options are our “profit accelerator.” They let us capture large, speculative gains.
To ensure our potential reward is worth the risk, we only select options that give us the chance to earn triple-digit gains if the trade reaches our target.
IAG’s price is around $4 today.
If IAG climbs 31% to our target — around $5.30 per share — the options we’re recommending today provide the chance for a 160% gain before they expire on August 21!
Your Action to Take:
Buy to Open IAG August $4 Call Options
Here are your details to complete two actions:
No. 1, enter the buy order.
And No. 2, place an order to grab profits on HALF of your position when it reaches a 70% open gain. For more about why we recommend this action, click here.
Trade Recommendation |
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Buy Action to Take |
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Stock: |
IAMGOLD Corp. (NYSE: IAG) |
Option Type: |
Call Option |
Expiration: |
August 21, 2020 |
Strike Price: |
$4 |
Option Symbol: |
IAG200821C00004000 |
Action: |
Buy to Open |
Order Type: |
Limit Order |
Duration: |
GTC (Good ‘Til Canceled) |
Limit Price: |
$0.50 (Anything below $0.50 is great.) |
Note: Do not place a market order. |
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Once this order is filled, place the following order: |
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Sell Action to Take |
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Stock: |
IAMGOLD Corp. (NYSE: IAG) |
Option Type: |
Call Option |
Expiration: |
August 21, 2020 |
Strike Price: |
$4 |
Option Symbol: |
IAG200821C00004000 |
Action: |
Sell to Close Half (Note: If you buy only one contract, sell the entire contract at a 70% gain, since you can’t sell half a contract.) |
Order Type: |
Limit Order |
Duration: |
GTC (Good ‘Til Canceled) |
Limit Price: |
Whatever nets you a 70% gain based on your entry price. (Example: Sell half your contracts at $0.85 if entry is $0.50.) Click here to learn more about how to calculate your 70% entry price point in your brokerage account. |
Trade Deadline: |
Keep this order open until it is filled or canceled. |
Note: This second order will allow us to collect a 70% gain on half of our position if a quick move happens before I can get a trade alert out to you. |
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Every trade comes with risk. Our risk-management strategy strives to limit individual losses. Proper risk control is a huge part of long-term success.
If you have any questions about today’s trade, email our team at apexprofit@banyanhill.com.
Good investing,
John Ross
Editor, Apex Profit Alert