Todd Horwitz's Direxion Shares Exchange Traded Fund Trust Trade

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Speaking on Bloomberg Markets, Todd Horwitz of Bubba Trading suggested that investors should consider an options strategy in Direxion Shares Exchange Traded Fund Trust NUGT.

He wants to sell the February 6 call and buy two February 8 calls. He has a $2 risk, but his upside potential is unlimited. Horwitz added that he expects gold to move higher by the February expiration and he is also bullish on silver. Direxion Shares Exchange Traded Fund Trust gained 5.80 percent on Wednesday.

Posted In: OptionsMarketsMediaETFsBloomberg MarketsTodd Horwitz
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