Loading...
Loading...
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in