DailyPlay – Opening Trade (PINS) & Closing Trade (TGT, NEM) – August 05, 2025
Closing Trade PINS Bullish Opening Trade Signal Investment...
Read MoreStrategy: Call Debit Spread
Strategy Direction: Bullish
Details: Buy to open April 14, 2022 $26/$30 Call Vertical @ $1.11 Debit
Bullish Trend Signal: This is a bullish strategy on a stock or ETF that is experiencing a bullish 1M trend.
1M/6M Trends: Bullish/Neutral
Technical Score: 7/10
OptionsPlay Score: 124
Use the following details to enter the trade on your trading platform. Please note that if there is a multi-leg option strategy, it should be entered as a single trade.
With the Ukraine crisis continuing, many markets have recently turned around, including bond yields peaking; the dollar getting a bid; stocks still pulling back, and precious metals seeing new life after a long sleep time. It is the latter that will be our focus for today’s Options Play, for we see the beginnings of a new upside breakout in Pan American Silver Corp. (PAAS).
Yesterday we saw a bullish closing breach of the horizontal, green-dashed line that represents the highs of the two-month trading range ($25.55) and a stall right against the downtrend line ($25.73 today and falling 5 cts./day) from the Feb. 2021 high (in light blue). We think in short order that this will get a more substantial upside breakout that will exceed the November highs to target the unfilled gap between $29.94 and $30.26.
Therefore, we are going to look to buy the April 14th $26/$30 call vertical spread at last night’s closing mid-price ($1.11) or better. We are laying out only 27.75% of the strike differential. The maximum gain on this is $2.89. (Should we wake up to find that metals are down sharply Tues. morn, you could also consider the April $25/$30 vertical.)
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