3 Golden Option Opportunities
by John Lansing 09/03/09
Free Trading Guides
The three plays in the gold sector that look to have the best beta for options are Randgold Resources Ltd. (GOLD), Royal Gold (RGLD) and Goldcorp Inc. (GG).
In their charts you will see the patterns in each. All you have to do is wait for these technical events, and I've listed where I think the options could be trading when these events occur.
Royal Gold (RGLD)
RGLD has not broken out yet. It's lagging slightly, but that is only because it's in a very large symmetrical triangle.
Recommendation: Buy the RGLD Oct 45 Calls (MJQJI) for $1.30 or less.
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