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<p>[QUOTE=&quot;desertgem, post: 2248029, member: 15199&quot;]A little more upside and perhaps a straddle would be a good play. This combination of a call and a put simultaneously bought around a stalled price ( not yet) allows for gains if the price dumps again or if it skyrockets, but not if it just sits there till expiration. Gold at 1195, personally I see as a decision point as to direction, and a good entry. I wouldn&#039;t buy GDX options longer than 3 periods, just &#039;dink and dunk&#039; and let leverage do well. The length of time is a large part of the cost of an option, so no need to go too long each time. I am currently out of GDX, am not a series 7 license, and I sleep well at night ( except during earthquakes) <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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