Newmont Bull Call Spread - Stops and Targets

fig 1

My first fill was for $3.70. I think we have 2 more red weeks of gold candles, so there really isn’t a massive rush to get in here:

Pretty simple trade plan from here… If the price stays in the shaded area, we have nothing to do.

Red zone denotes trade is showing a realized lost. Green denotes a realized gain. The break between the green boxes is the target zone for 100% gains. This is a “non greedy” target. We could take half off and lock in profits here. The outer green area reflects where the trade has made most of its potential profit, 2.5x. The plan is to close this trade by 30DTE window mid Dec 2025.

What I didn’t mention in the original artical is that you only need to hold and option for a year for it to be qualified as long term capital gains. As you can see, a gain should it occur, will most likely be long term!

The full setup can is detailed here:

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