We will be live on Monday morning for our regular meeting. We thought we were going to have a scheduling problem but that is not the case. We are entering into a new trade in Newmont Mining (NEM). The gold markets have consolidated and are breaking higher again.
Buy to open: NEM Aug 15th (monthly) 60.00 strike call (ratio of 1)
Sell to open: NEM Aug 15th (monthly) 65.00 strike call (ratio of 2)
Buy to open: NEM Aug 15th (monthly) 70.00 strike call (ratio of 1)
Debit: 0.70
Max risk = 0.70 or $70.00 per spread
Max reward = 4.30 or $430.00 per spread