AEM Broke out to new multi year highs this week, and now has slipped back below. This is very exciting for me as the depth of the cup is $38 points, a 40% increase over the current price. My strategy is to buy AEM on a break back to new highs. I will further limit my risk by buying calls (March expirations) my strike will be determined at the time.
Update - I will start selling call credit spreads on AEM while I wait on the move higher.
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