Because NEM has risen above $70 this morning, a fresh breakout, its time to point out a tradable pattern of impressive consistency. Welcome to the NEM Breakout-of-the-Month Club. The rule is to buy the "next month" at-the-money call option upon any short-term breakout in Newmont Mining. Year-to-date these signals have come about monthly and have been good for between 10% to 15% share price appreciation into next month option's expiration. That equates to at least a 100% gain in the underlying calls and occasionally a spectacular 3X to 5X return. Wash, rinse, repeat. You're only job: EXECUTE. Rule: Upon a breakout above $70, buy NEM Sep 19th $70C. A 10% rise in NEM takes price to about $77, making the $70C worth $7.00, more than a double. A 15% rise, a little less common, takes NEM to about $85, with calls projected to > $15, more than a 5X return.
