Our album is #1!
Oh wait, not that kind of platinum. We’re talking about the metal. The guys on the ASC team are starting to get pretty geeked out about the metals space — with good reason. Prices. Are. Breaking. Out. Sometimes it’s just this simple.
Here’s a tweet Strazza shared recently on $SBSW:
— 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.
P.S. We do trades like this regularly. If you’d like to leverage Best-in-Class technical analysis into smarter directional options trades, try out All Star Options Risk Free!