Going for Platinum!

Here's a tweet Strazza shared recently on $SBSW:

Here's one of the largest Platinum producers in the world, Sibanye Stillwater $SBSW knocking on the door to new all-time highs pic.twitter.com/YazEzxICbE

— Steven Strazza (@sstrazza) February 23, 2021

All-time highs? You've already got my attention. Cheap vol? I'm in.

And speaking of simple, I like just straight long calls here.

Here's the Play:

I like $SBSW October 25 Calls for $1.75 or cheaper. This represents the most we can lose.

If the stocks closes below $17.50 at any time during our hold, I'll consider this trade busted. Meanwhile, on the upside, I'll sell half around $3.50 for a double if I get the chance. Then hold the rest into October (as long as my stop loss level isn't violated).

If you have any questions on this trade, subscribers can send them here.

~ @chicagosean

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