Barrick Gold Corporation (GOLD) earnings are coming in a few weeks and we see this stock has been bottoming out and very near the 50 SMA. We are expecting good earnings and stock to move up a bit and so have opened up a covered call position.
| BUY | 400 | TO OPEN | GOLD | 16.66 | STOCK | 16.19 | DEBIT | 25INC-004 | |
| SELL | -4 | TO OPEN | GOLD | 21-FEB-25 | 17 | CALL | 0.47 |
Breakeven is around $16.18 and we have around 21 days for the sold call to expire. If the stock remains above $17, we can get called out with around 5% return.
