Randgold Resources has been hit pretty hard on the gold/miner retracement. At the time of this post it has held the 61.8% trendline. I am going to scale in at this level (if it holds today) with December calls, the 105's. I will pay for them with the November 85/90 put spread.
My trade is in, Calls at $1.30 debit and sold Puts at $1.00. Net $.30 debit. I am out if it breaks the upper rising trendline.
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