Small Account Trader PRO Alert: Roll GDX

Vaneck Gold Miners ETF (GDX): 31.79

GDX is still at a slight loss but it is a good ticker to trade. We are going to do a double roll converting our calendar to a poor man’s covered call. This will give us more opportunities to bring in more cash and manage the trade to an eventual profit.

Trade1: Roll the long-dated calls for a debit of around 2.57 – 2.66
STC the 16 Jun 31 call
BTO the 18 Aug 29 call

Trade 2: roll the short-dated call for a credit of around 0.10 – 0.20
BTC the 9 Jun 31 call
STO the 23 Jun 31.5 call

Master Portfolio is trading 10 contracts