Dear New Money Club Member,
Stocks are trading higher following more positive vaccine news.
Although it’s tempting to follow the news, remember that we follow the money.
And today, we see our newest trigger in a rare earth mineral stock.
Here's what we're doing...
Buy to Open Vale SA (NYSE: VALE) Nov. 27, 2020, $12 calls (VALE201127C00012000) up to $0.27 per contract or better, for the day.
This new bullish signal triggered after a $2.9 million New Money bet, which is a 604% surge in new call options purchased.
If shares of VALE soar higher in the coming days, our calls would quickly increase into a double- or triple-digit gain!
ACTION TO TAKE:
In your brokerage account, locate the VALE Nov. 27, 2020, $12 call: The symbol is VALE201127C00012000.
Make sure you choose the right options expiration (expiring on Nov. 27, 2020).
Choose the $12 strike price.
Select "Call" options.
Select how many contracts to buy.
Once you have the right contract, click "Buy to Open."
Choose "Limit Order." (This sets the max price you'll pay per contract.)
Use a limit of $0.27 per contract.
Click "Day" for TIF (Time in Force).
Then click "Buy" to transmit the order.
You can also call your broker and say, "I want to Buy to Open VALE Nov. 27, 2020, $12 calls with a $0.27 limit or better, for the day."
Now, I’m looking forward to closing out profits from this quickly. And I’ll be keeping you updated every step of the way.
To your wealth, freedom and options!
Joshua M. Belanger